Based on the context provided, I can draft a general template for a deed of transfer to convey the rights of road reservation. Please note that this template is a simplified version and should be reviewed and customized by a legal professional to ensure compliance with local laws and regulations.
DEED OF TRANSFER OF ROAD RESERVATION RIGHTS
THIS DEED OF TRANSFER is made on this [Day] day of [Month], [Year].
BETWEEN
[Name of Transferor], a body corporate established under [Relevant Act or Incorporation Details], having its registered office at [Address of Transferor] (hereinafter referred to as the “Transferor”, which expression shall, unless repugnant to the context or meaning thereof, include its successors and assigns) of the ONE PART;
AND
[Name of Transferee], a body corporate established under [Relevant Act or Incorporation Details], having its registered office at [Address of Transferee] (hereinafter referred to as the “Transferee”, which expression shall, unless repugnant to the context or meaning thereof, include its successors and assigns) of the OTHER PART.
WHEREAS:
- The Transferor is the lawful owner/authority of the road reservation described in Schedule I attached hereto (hereinafter referred to as the “Road Reservation”).
- The Transferor has agreed to transfer to the Transferee, and the Transferee has agreed to accept from the Transferor, the rights over the Road Reservation upon the terms and conditions set forth in this Deed.
NOW THIS DEED WITNESSETH AS FOLLOWS:
- Transfer of Rights: The Transferor does hereby transfer and convey unto the Transferee all the rights, title, interest, and benefits in the Road Reservation to hold the same unto the Transferee subject to the payment of [Amount] and the terms and conditions hereinafter contained.
- Consideration: The Transferee hereby acknowledges the receipt of [Amount] from the Transferee as full consideration for the transfer of rights herein contained.
- Covenants by Transferor: The Transferor covenants with the Transferee that the Transferor has the right, authority, and capacity to transfer the rights in the Road Reservation and that the Transferee shall enjoy the same without any interruption by the Transferor or any person lawfully claiming under the Transferor.
- Covenants by Transferee: The Transferee covenants with the Transferor to abide by all laws, regulations, and stipulations that may be applicable to the use and maintenance of the Road Reservation.
- Indemnity: The Transferee agrees to indemnify and hold harmless the Transferor from any claims, damages, or liabilities arising out of the Transferee’s use of the Road Reservation.
- Governing Law: This Deed shall be governed by and construed in accordance with the laws of [Jurisdiction].
IN WITNESS WHEREOF, the parties hereto have executed this Deed on the day and year first above written.
SCHEDULE I – Description of the Road Reservation
[Detailed description of the road reservation, including boundaries, dimensions, and any other relevant details]
IN WITNESS WHEREOF, the Transferor and the Transferee have hereunto set their hands and seals the day and year first above written.
SIGNED, SEALED, AND DELIVERED by the within-named Transferor
[Transferor’s Name & Signature]
in the presence of:
[Witness Name & Signature]
SIGNED, SEALED, AND DELIVERED by the within-named Transferee
[Transferee’s Name & Signature]
in the presence of:
[Witness Name & Signature]
Please ensure that this template is adapted to meet the specific requirements of the jurisdiction in which the transfer is taking place and that all legal formalities are observed. It is highly recommended to seek legal advice to ensure the deed of transfer is valid and enforceable.