Exit from Multi owner Agreement of Sale

[Jo kumar]

Jurisdiction

Asia

There are two purchasers in a Agreement of Sale with builder and have not executed Sale Deed yet. Now one of the two purchasers want to exit the Agreement of Sale and other purchaser want to sell the property. As I understand, anyway builder will be involved when Sale Deed will be executed in future as its not done yet.
Queries:
1) Is it possible one of the purchasers can exit and they can prepare a new/another agreement between them to transfer the rights to other purchaser, so that other purchaser can sell the flat?
2) If there any possibility for point #1, will there be any legal consequences from future buyer's perspective considering changes in the number of sellers?

 

[doucar]

There are two purchasers in a Agreement of Sale with builder and have not executed Sale Deed yet. Now one of the two purchasers want to exit the Agreement of Sale and other purchaser want to sell the property. As I understand, anyway builder will be involved when Sale Deed will be executed in future as its not done yet.
Queries:
1) Is it possible one of the purchasers can exit and they can prepare a new/another agreement between them to transfer the rights to other purchaser, so that other purchaser can sell the flat?
2) If there any possibility for point #1, will there be any legal consequences from future buyer's perspective considering changes in the number of sellers?

This site only deals with the laws of the United States, you need to contact an attorney in the unnamed Asian country where this is taking place or where the real estate is located.