Memorandum of Understanding among Legal Heirs

(7) It is expressly agreed by and between the parties that the heirs may not assert any rights under this codicil and that the party of the third party cannot assert any rights under this will after receipt of the comfort letter with the attached will, unless otherwise specified above. And whereas the parties wish and have agreed that disputes and disputes between them should be settled amicably between the parties and that disputes between family members should be avoided. And among the legal heirs of testator A, disputes and disputes arose over the respective share of the heirs. This family settlement document will be issued on …… hereafter…….. Day of …… 2000, between the heirs of A, namely (i) B, widow of A, (ii) C son of A, (iii) D daughter of A, (iv) E son of F, the second predeceased son of A, (v) G widow of the third son of A. 3. Taking into account the premises, immediately upon receipt of the management letters, the third party party will grant, deliver and transfer one third of the said real estate and assets (after fixing a sum of Rs. ____ – to meet the debts of the deceased ____ and also to cover the costs of issuing comfort letters in favour of the third party party) to each of the designated heirs and the remaining third party for himself. 3. With the aim of resolving the above-mentioned disputes arising from the conflicting claims of the parties, as indicated above, and achieving a lasting settlement of all outstanding disputes once an agreement has been reached to ensure the peace and harmony of the family, after weighing what was best in the interest of the parties, and hoping that a settlement would lead to friendship and goodwill between the parties, and it was agreed that the parties and it was agreed that the settlement reached would be final and binding on all parties and would avoid further disputes and/or disputes between the parties.

A Memorandum of Understanding (MOU or MOU) is an agreement between two or more parties described in a formal document. It is not legally binding, but signals the willingness of the parties to enter into a contract. 1. Pursuant to the above-mentioned agreement and taking into account the premises, the above-mentioned parties have agreed that the estate of the testator will be divided among the heirs of the testator as follows: A declaration of intent is the expression of consent to the proceedings. This shows that the parties have reached an agreement and are moving forward. Although it is not legally binding, it is a serious statement that a contract is imminent. 2. Without prejudice to their right to receive their shares in the estate of the deceased, as defined below and agreed by the parties, the heirs shall submit to the party to the third party their declarations of consent to obtain the comfort letters referred to above. Often, an individual invests their hard-earned money to buy real estate during their lifetime for their enjoyment. After the death of the owner, the property left by him is inherited by his legal heirs, either according to his wishes set out in his will, or, if he dies, without leaving a will, in accordance with the provisions of the Inheritance Act applicable to these persons. 4.

After the aforementioned conversation, the parties reached an agreement with the help of mutual friends to settle disputes and disputes, and a settlement protocol was drafted with certain conditions to avoid future disputes and/or disputes between the parties and that this memorandum was concluded in order to record the said terms of the family settlement already agreed. the parties. A statement of intent clearly sets out certain points of agreement. It names the parties, describes the project they agree on, defines its scope, and describes the roles and responsibilities of each party.