Common use of Right of Nomination Clause in Contracts

Right of Nomination. After one year from the date of Agreement for Sale, the Purchaser/s shall be free to nominate to anyone provided 1% of the total consideration and taxes as applicable and also the legal fees to be paid by the Purchaser/s. The Owners and Developer shall be bound to accept the nomination and execute deed of Sale-cum-transfer in favour of the nominee/s of the Purchaser/s.

Right of Nomination. After one year from the date of Agreement for Sale, the Purchaser/s shall be free to nominate to anyone provided 1% of the total consideration and taxes as applicable and also the legal fees to be paid by the Purchaser/s. The Owners Vendors and Developer shall be bound to accept the nomination and execute deed of Sale-cum-transfer in favour of the nominee/s of the Purchaser/s.