RESCISSION OF A CONTRACT BY A DEED





THIS AGREEMENT is made on the ____ day of ____

BETWEEN

M/s____ with their offices at ______ hereinafter referred to as "First Party" (which expression shall, unless the context otherwise needs, including its heirs and allowed assignees) of the ONE PART;

AND

M/s _____ having their offices at _____ hereinafter referred to as "Second Party" (which expression shall, unless the context otherwise needs, including its heirs and allowed assignees) of the OTHER PART;

WHEREAS by an agreement made on the ___ day of _____ between the parties, it was consented that the First Party would be sharing its office premises with facilities with the Second Party on terms/conditions stated therein.

AND WHEREAS the First Party suggested to the Second Party that the above stated agreement be rescinded and the parties be released from the performance their respective parts of the contract under the said covenant and the Second Party accepted the said suggestion and consented to rescind the above stated covenants;

NOW THESE PRESENTS WITNESS AS UNDER:

1. That per aforesaid agreement the parties hereby consent and declare that the above stated agreement dated the ___ day of ___ be rescinded.

2. That each party hereby relinquishes from the obligation to perform its part of the contract under the aforesaid agreement.

3. That this agreement shall bind both the parties.

IN WITNESS WHERE OF, the parties hereto have signed and executed this Agreement on the day, month and year first above written.

SIGNED AND HANDED OVER by the

First Party

SIGNED AND HADED OVER by the

Second Party

WITNESSES:



1.



2.