Out of court settlement through MoU
Hello sir,
I am settling a property dispute through an MoU which states that one floor of the property shall be given to other party via gift deed in return of closure of case. The other party will put an application to withdraw the case well before the next date but wants me to sign the MoU and gift deed before the hearing of application in court.
1) Our hearing is in October, they want the case to end this month only. Can they withdraw the case well before the next hearing date by way of application?
2) Should i go ahead and sign the MoU and Gift deed before the hearing or should i sign on gift deed after the hearing after at least getting a verbal order from the judge if not written as i have been told it takes at most a week to come?
3) What is the significance of signing a gift deed but registering it later in future, as i've been asked to sign it beforehand but register only when the case has been withdrawn successfully?
Thank you
Asked 7 years ago in Property Law
Religion: Hindu