Please note that the execution of the endorsement does not cause any damage if it is also registered. Otherwise, the endorsement is just another piece of worthless paper. For example, in one case, 23 dwellings with specific housing numbers were assigned to the landowner under the JDA. An amendment was then signed. The number of dwellings has been increased from 23 to 39 and the number of dwellings has been changed. One of my clients bought an apartment like this. After 18 months, there was a dispute between the client and the landowner. Now my client is in a soup where to go. Depending on the price of the land, the common development ratio between the parties is established. In most situations, the owner agrees to allocate a few apartments to the landowner and pays a symbolic advance. In return, the landowner will part with part of the undivided share (UDS) of the land for the benefit of the client or its designer and will also allow the client to build and sell the agreed number of dwellings. The developer has the right to look for interested buyers, to set selling prices for his share of the housing.
It is very normal for the landowner to transfer rights/title to the property to his family member as part of family regulations. These transfers are made by GPA. In other scenarios, the landowner asks the buyer to transfer the money to a family member. The reason for these scenarios is „the heir.“ The country is hereditary and, in most cases, I have observed that the joint development agreement is signed by 15 to 20 people, including children under the age of 10. In such cases, either one of the landowners holds surrogacy from all stakeholders, or there is a family comparison agreement between landowners to allow a person to transfer the property through surrogacy. In many cases, I have observed that landowners own benami. Therefore, the buyer should be especially careful. 2. The contracting authorities hereby undertake to begin construction within fifteen days of the execution of these gifts and to construct the …………. months from the date of execution of these gifts in accordance with the plans duly approved and approved by the Municipality Corporation. and the specifications and conditions set out in Annex A.11.
any dispute or dispute concerning the specifications, drawings, drawings and quality of the treatment or material used at work, or any other matter arising out of or in connection with the contract, project, drawings, specifications, orders or other related to the contract or the performance of the work; either during the progress of the work or after its completion or task, two arbitrators, one of whom shall be appointed by each of the parties, shall be referred to the single arbitration. Arbitrators appoint an arbitrator before entering the letter of reference. The parties would cooperate with the arbitrators and provide evidence, etc., and if one of the parties does not cooperate or remains absent from the reference, the arbitrator or arbitrator is free to continue with the ex parte reference. The arbitrator or arbitrator shall keep a record of the oral evidence presented by the parties and present it to the court at the time of filing the award, together with the exhibits presented by the parties or their witnesses. The arbitrator`s or arbitrator`s proceedings shall be recorded in English and each party shall have a copy thereof. Arbitrators or arbitrators shall have the right to appoint a stenographer for the registration of the arbitration and to consult an expert, the costs being borne equally by the parties, after prior notification by the parties. The fees of the arbitrator appointed by a party shall be borne by the party, so that the appointment and fees of the arbitrator and other arbitration costs shall be borne equally by the parties. The arbitrators shall render their arbitral award within six months from the date of seizure of the reference. . . .