EXCLUSIVITY AND STANDSTILL LETTER
1. PERIOD
This letter is dated __________. __________ gives __________ exclusivity concerning __________ (__________): __________ from __________ to __________, stated as __________ day(s).
Indicative transaction price for context: __________.
2. SELLER STANDSTILL
Seller restriction: __________.
3. BUYER DILIGENCE
Buyer duty: __________.
4. EXCLUSIVITY DEPOSIT
Fee/deposit status: __________. Refund rule: __________.
5. EARLY END, CONFIDENTIALITY AND REMEDIES
Early end: __________. Confidentiality: __________. Remedy rule: __________.
Any stipulated forfeiture or penalty remains subject to section 74 of the Indian Contract Act, 1872. This letter does not transfer ownership or possession.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023. Personal data in this document is collected only to administer a short exclusivity/standstill period while the buyer performs diligence and definitive sale documents are negotiated, communicate about that purpose, verify information expressly supplied, and retain an evidentiary record.
The record will be held by __________ and may be shown only to the buyer, seller, authorised broker/agent, advocate, lender, valuer, project promoter, escrow/payment provider or statutory authority directly involved in the stated property transaction or verification.
If the proposed transaction does not proceed, or this document is withdrawn before it takes effect, the personal data will be retained for 90 days from that decision and then erased. If the transaction proceeds, the record will be retained for the term of the transaction plus 12 months and then erased, except for a record that a statute requires to be kept for a longer named period.
A person named in this document may withdraw consent for future consent-based processing, request correction or erasure when the stated purpose has ended, or raise a grievance by writing to __________. The record-holder should acknowledge and respond within 30 days.
Data minimisation: this document deliberately does not require a full Aadhaar number, Aadhaar-card copy, passwords or unrelated identity material. PAN, banking and financing information is included only in a document whose transaction purpose genuinely requires it.
Personal-data instruction: __________.
SIGNATURES
Buyer: __________
Seller: __________
Buyer address: __________
Seller address: __________
Record-holder: __________