Agreement of
Reference between Members of Hindu Undivided Family

THIS AGREEMENT is
made the day…of …BETWEEN Shri…of …AND Km…daughter of …AND Smt…widow
of……………………….

WHEREAS the parties
aforementioned are members of a joint Hindu family and posses joint-family
property and business, and

WHEREAS differences
have arisen between the said members as to the share and the rights of each
member in the said property and business, and

WHEREAS the parties
are not agreed as to which property should be allotted to each respective
party, and

WHEREAS
Shri…aforementioned claims to own certain properties as self-acquired alleging
that the same is not divisible as amongst the other parties and

WHEREAS the parties have
agreed to refer their disputes about the division of the joint-family
properties and business to the sole arbitration of Shri…exercising the powers
hereinafter mentioned;

NOW THIS AGREEMENT OF
REFENCE WITNESSES as follows:

1.    
That
the arbitrator shall be entitled to ascertain the extent of value of the
joint-family properties and shall determine the manner in which the business of
the joint family shall be carried on hereafter and wound up and provide for the
disposal of the goodwill of the business as he shall deem fit.

2.    
That
the arbitrator shall have full power to divide and allot by lot or otherwise
the joint-family properties amongst the parties aforementioned after
determining the share of each such party and the extent and nature of the
rights which belong to Smt……….aforementioned. The arbitrator shall also take
into consideration the rights of the unmarried daughters of the parties
aforementioned and shall make the provisions for their education, bringing up
and marriage as the circumstances may require.

3.    
The
arbitrator shall be entitled to award money compensation from one party to
equalize the shares thereof. The arbitrators shall be entitled to cause any
property or properties to be sole and to distribute the assets after payment of
debts of the family in such manner as he shall deem fit. The arbitrator shall
be entitled to take such evidence as he may deem necessary and to direct the
delivery of title deeds or other documents from one party to the other in
connection with the share allotted to such other party. He shall also be
entitled to cause any of the joint-family property to be partitioned or divided
by metes or bounds and to cause a structure to be built or demolished as he may
think fit for the separate enjoyment of the share in immovable property
allotted to each or any party.

4.    
Except
for fraud or collusion, the award of the arbitrator shall not be set aside for
any other judicial misconduct in the proceedings.

IN WITNESS WHEREOF
the aforementioned parties have signed this deed in token of acceptance
thereof.

Witness………………………
A…………………………..….

…………………………………B……………………………..

………………………………..
C……………………………

………………………………..
D………………………………

………………………………..
E………………………………

(Note:- A to E indicate the members of the Hindu Undivided Family & the agreement is made with the consent of all members hence signature of all required)

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