How to terminate MOU

Querist : Anonymous (Querist) 29 October 2010 This query is : Resolved
Dear Sirs,

Two of us as co-sharers in a property under court receiver had signed an MOU with the builder. He made a false claim in the MOU, of owning a gift deed in the property from another co-sharer who has expired. He also made us submit an affidavit in the court that we do not have any objection to his gift deed. The property is under the court receiver till date. However, we have now come to know that his gift deed is not valid on certain grounds. We now want to terminate this MOU. We also wish to return his token money with interest.How can we terminate this MOU.

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s.subramanian (Expert) 29 October 2010
Issue legal notice and cancel the MOU.

Devajyoti Barman (Expert) 29 October 2010
Yes and the notice period should include such time if anything mentioned in the Termination Clause of the MOU.