Keyword/Phrase

Agree to develop
free from encumbrances
Pay a sum
Handover the possession
Authorize to negotiate
Permission from local authorities
Stamp duty and Registration duty
Original title and link documents
 Explanation
Second party agree to develop the property
Property is free from all types of encumbrances
Second party has agreed to pay a sum
Owner shall handover the physical possession of the property
Second party is authorize to negotiate for the sale, lease etc
Second party shall take all the permission from concern authority
It is paid by the developer
First party shall furnish original title or link documents and other relevant papers to the second party
 Keyword/Phrase
No way responsible for any harm
Liable to any third party for any amount
 Explanation
First party is no way responsible for any harm by second party
First party shall not be liable to any third party for any amounts
 Keyword/Phrase
Visit to the property for inspection
Bound by all the terms
Referred to arbitration
 Explanation
First party or his nominee are liberty to make visit of the property for inspection
Parties to the agreement shall be bound by all the terms
If there is any dispute between the parties so case is referred to arbitration