period of sale agreement

sangamesh sagarmath (Querist) 26 November 2010 This query is : Resolved
how much time meximum period mentioned in sale agreement as per act

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ESTHERPRIYA (Expert) 26 November 2010
No time period under act. Agreement is mutally agreed contract and the time period is fixed based on the consensus of parties. usually 1 to 3 months can be stated sometimes 6 months can be stated and it is mutually extended to. In case you need any help contact us at
S&P Law Associates,
Cell:9840729285,
Email:sandplawassociates@gmail.com, Website:www.sandplawassociates.com

A V Vishal (Expert) 26 November 2010
By a vendor of immovable property for unpaid purchase money the period under the limitation act is Three years. The period of limitation begin from the time fixed for completing the sale, or (where the title is accepted after the time fixed for completion) the date of the acceptance. The date fixed for the performance, or, if no such date is fixed, when the plaintiff has notice that performance is refused.

Khaleel Ahmed (Expert) 26 November 2010
No maximum time limit , the time limit depends on the terms of agreement, which is mutually agreed at the time of execution by the parties to the agreement.

Sri Vijayan.A (Expert) 27 November 2010
1. No time period fixed in the law.
2. It is the mutual understanding/ agrement of the parties.
3. If the sale is not effected within the agreement period, the affected party can file suit within 3 years.
4. This 3 years is known as limitation
5. The first day falls on the last day of agreement period