This Compromise and settlement agreement is made by and between Ms ----- D/o ------ (who will be referred as plaintiff), resident of village Manpur, Kotdwar, presently residing in Naya Gaon, Distt. Mohali (Punjab) and ------- S/0 --- (who will be referred to as defendant), resident of ------- (PAN no – -----).
The parties stipulate to the following:
1. Ms ------and Mr ---- has been got engaged on January 17, 2016 at residence of Ms ------.
2. On this occasion both families has exchanged gifts with each other.
3. However due to differences in nature of both the persons and lack of mutual understanding between them, both the parties mutually along with the consent of their families has agreed to set aside the engagement between the plaintiff and the defendant.
4. Due to cancellation & setting aside of engagement between the plaintiff and the defendant, Ms -----and his father Mr. ----- has demanded the expenditure of Rs 1,54,942, however defendant denies any liability in connection with the alleged claim.
5. Defendant also claimed that he has also made expenditure to the tune of Rs 28,200 along with purchase of ring costing Rs 25,000 for the plaintiff.
6. After mutual consent and agreement following deduction has been made out of the claim made by the plaintiff
Total demand raised by plaintiff - Rs 1,54,942
Less: Claim for lehnga purchase for marriage - Rs (26,500)
Less: Parlour expenses claimed - Rs ( 2,000)
Less: Booking of Garwhal Bhawan expenses (For own guests) - Rs (11,000)
Less: Expenses made by defendant - Rs (28,200)
Less: Expenses on purchase of ring for plaintiff - Rs (25,000)
Less: Booking expenses of community center (Net of deduction) - Rs ( 4,000)
Net amount payable to plaintiff as agreed between both parties - Rs 58,242
7. The demand amount of Rs 1,54,942 consists of expenditure made on purchase of gold jewellery compromising of tops for defendant mother (Rs 15,865), ring for defendant brother (Rs 18,207) and ring for defendant father (Rs 20,000) bills for which has been handed over to the defendant and now the ownership of the same lies with them and plaintiff has no claim on it whatsoever.
8. The parties wish to reach a full and final settlement of the action and all matters arising from the dispute described above.
Therefore, in consideration of the mutual promises set forth, the parties agree to the followings:
a) Defendant will pay to plaintiff Rs 58,242 and cheque no. ------- of ICICI Bank Limited of same amount in favor of Ms. ---- has been handed over to plaintiff.
b) Each party releases the other from all the rights and claims that they may have against the other arising from the dispute described above.
c) This agreement is a compromise of a disputed matter and shall not be construed as an admission of any party’s liability.
d) This agreement was the result of a negotiated settlement and shall not be construed as having been prepared by any one party.
e) In the event any action is instituted to enforce the provisions of this agreement, the prevailing party will be entitled to recover the attorney fees.
f) This agreement is intended to bind and benefit the parties to the agreement.
This is draft settlement deed for settlement of engagement dispute. Will this suffice its purpose or some other points also needs to be added in same.
