Sale Agreement or Gang-bang? A dirty-minded analysis of Wadhwa Wise City agreement draft
Download Sale Agreement with HIGHLIGHTED CLAUSES: http://bit.ly/Risk-Analysis-Wadhwa-Wise An enforceable sale agreement should ideally consist of only two parties i.e. a buyer and a seller, and only warranties that each party makes to the other. But Wadhwa Wise City agreement is bristling with more waivers than warrantees. The draft of the agreement format foreshadows that the flat-buyer would get a raw deal at the hands of not only Wadhwa builders, but numerous other parties. Wadhwa Wise City agreement draft foreshadows disaster for the buyer as it injects a multiplicity of parties, including Wadhwa Construction and Infrastructure Pvt Ltd and Valuable Properties Pvt Ltd as "promoter", and Township Maintenance Agency (TMA), plus all the contractors and suppliers who would be engaged unilaterally by the promoters, but paid for by the flat-buyers. The agreement makes it amply clear that the builder intends to occupy, exploit, and construct on the entire "Larger Project...