Gift Deed

Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Gift Deed

This Gift Deed is made and entered into on this {{date_of_deed}} day of {{month_of_deed}}, {{year_of_deed}}.

BETWEEN:

{{donor_name}}, residing at {{donor_address}} (hereinafter referred to as the “Donor”, which expression shall unless repugnant to the context or meaning thereof, include his/her heirs, executors, administrators and assigns) of the ONE PART;

AND

{{recipient_name}}, residing at {{recipient_address}} (hereinafter referred to as the “Recipient”, which expression shall unless repugnant to the context or meaning thereof, include his/her heirs, executors, administrators and assigns) of the OTHER PART.

Covenants

WHEREAS, the Donor is the absolute owner of the property/asset hereinafter described, having acquired it through {{method_of_acquisition}} on {{date_of_acquisition}}.

WHEREAS, the Donor, out of natural love and affection towards the Recipient (state relationship, e.g., 'his/her son/daughter/friend'), and without any monetary consideration, desires to gift the said property/asset to the Recipient.

WHEREAS, the Donor represents and warrants that the gifted property/asset is free from all encumbrances, charges, liens, or disputes and that the Donor has full right, title, and authority to gift the same.

Description of Gift

The Donor hereby absolutely and irrevocably gifts, conveys, and transfers unto the Recipient, all his/her right, title, and interest in the following described property/asset:

{{description_of_gift}}

{{serial_number_or_identifying_marks_if_applicable}}

{{estimated_value_of_gift}} ({{currency}}).

Acceptance of Gift

The Recipient hereby accepts the aforesaid gift from the Donor and acknowledges the receipt of the gifted property/asset to hold the same as absolute owner thereof, free from any claims or demands whatsoever from the Donor or any person claiming through or under the Donor.

Possession and Enjoyment

The Donor hereby delivers physical possession/transfer of ownership of the gifted property/asset to the Recipient on the date of execution of this Deed. The Recipient shall henceforth have and enjoy the gifted property/asset absolutely and forever, and the Donor shall not have any right or claim over the same.

Indemnity

The Donor hereby covenants with the Recipient to indemnify and keep indemnified the Recipient against all losses, damages, costs, charges and expenses which the Recipient may suffer or incur by reason of any defect in the title of the Donor or any claim made by any person against the gifted property/asset.

Governing Law and Jurisdiction

This Gift Deed shall be governed by and construed in accordance with the laws of {{country_name}}. Any disputes arising out of or in connection with this Deed shall be subject to the exclusive jurisdiction of the courts in {{city_name}}, {{country_name}}.

Stamp Duty and Registration

The Donor/Recipient (choose one) shall be responsible for paying the necessary stamp duty and registration charges as prescribed by the relevant authorities in {{country_name}} for the registration of this Gift Deed.

IN WITNESS WHEREOF

The parties have executed this Gift Deed on the date first above written.

Signature Block

_________________________

Signature of Donor

Name: {{donor_name}}

ID/Passport No.: {{donor_id_number}}

_________________________

Signature of Recipient

Name: {{recipient_name}}

ID/Passport No.: {{recipient_id_number}}

_________________________

Signature of Witness 1

Name: {{witness_1_name}}

Address: {{witness_1_address}}

_________________________

Signature of Witness 2

Name: {{witness_2_name}}

Address: {{witness_2_address}}