Legal advice
yagnesh dave
(Querist) 06 November 2015
This query is : Resolved
MYSELF ENTERED INTO MOU AGREEMENT DULY NOTARISED FOR SALE OF RESIDENTIAL HOUSE & SALE CONSIDERATION IS TO BE PAID BY PURCHASER IN MONTHLY INSTALLMENTS MENTIONED IN THE MOU ALONGWITH FOLLOWING CLAUSE.
1-PAYMENT SCHEDULE IS ESSENCE OF THE CONTRACT
2-IF THE PURCHASER FAILS TO PAY IN TIME THEN INT @ 18% LEVIABLE ON DELAYED TIME BUT RESTRICTED TO 1 MONTH DELAY ONLY & FURTHER IF FAILS THEN THE AGREEMENT WILL BE TERMINATED & THE AMT WHATEVER PAID BY PURCHASER WILL BE FORFEITED THE SELLER IS LIBERTY TO SALE TO OTHER BUYER
3-NOW THE PURCHASER HAS FAILED TO PAY THE SCHEDULE PAYMENT AS FIXED & REMINDER LETTER IS ALSO SERVED DULY ACKNOWLEDGED BY PURCHASER.
PL EXPLAIN LEGAL ADVICE FOR SELLER SAFEGUARD AND THE AMT RECVD CAN BE FORFEITED
Anirudh
(Expert) 06 November 2015
Why are you raising the same query in different threads?
What is the purpose?
R.K Nanda 
(Expert) 06 November 2015
repeated query.
Sudhir Kumar, Advocate
(Expert) 07 November 2015
repeated
http://www.lawyersclubindia.com/experts/advice-569261.asp#.Vj09v27K2xk
ADV-JEEVAN PATIL, MUMBAI
(Expert) 07 November 2015
If u have issued teceips it is difficult to digest forfeiture for late payment of one month
