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Under Indian law, the registration of an assignment or title deed (sale, gift, exchange, assignment) may be terminated by filing an invalid act. Any claims the buyer of the property may have against him/her are terminated by the statutory act of termination.
A sale deed may be cancelled if any party involved is unsatisfied with the deal and makes a claim regarding the same in the court of law. The petitioner needs to get an order from the Civil Court and present it to the Registrar, who will then go ahead with the cancellation process.
A deed of cancellation leads to the rescission of the contract, and as per Section 62 of the Indian Contract Act, any rescission must be done only bilaterally.
Cancellation of sale deed refers to the revocation of the purchase and sale of property. A sale deed may be cancelled if any party involved is unsatisfied with the deal and makes a claim regarding the same in the court of law.
A cancellation agreement is a contract termination agreement in which the parties legally cancel their contractual relationship. The Agreement specifies the parties, the reasons for cancellation, and how and when the cancellation occurs. All parties must sign the cancellation agreement to the original contract.