License part of your business premises to another business with this India Leave and Licence Agreement.
- Allotted Space. The licensee will occupy a specified portion of the square footage of the shop to carry on its business.
- Security Deposit. The licensee will pay an interest-free security deposit, which will be refunded at the end of the licence period, less any amounts owing to the licensor.
- Usage Fee and Charges. The licensee will pay a monthly fee for its use of the licensed area of the premises, plus a portion of the electricity bills.
- No Tenancy. The Agreement does not create a tenancy or sub-tenancy between the parties, and the licensee will have no right, title or interest with respect to the shop premises.
This India Leave and Licence Agreement is an English language template form provided in MS Word format and is fully editable to meet your specific needs.
LEAVE AND LICENCE AGREEMENT (INDIA) THIS AGREEMENT OF LEAVE AND LICENCE made effective at ______________________________ [location], as of the _____ day of ______________________, _______. BETWEEN: [NAME OF LICENSOR] an Indian Inhabitant of [city], residing at [address] (“Licensor”) - and - [NAME OF LICENSEE] an Indian Inhabitant of [city], residing at [address] (“Licensee”) WHEREAS Licensor is carrying on the business of _______________________________ [insert type of business] from his Shop No. _________________ (hereinafter referred to as the “Shop”), and he is otherwise well and sufficiently entitled to and possessed of the Shop. AND WHEREAS Licensor is not in a position to carry on his business on a full-fledged basis. AND WHEREAS Licensee has approached Licensor and requested Licensor to grant to Licensee a licence to use and occupy a portion of the Shop for a temporary period. AND WHEREAS the parties hereto have agreed to record the following terms and conditions agreed between them in respect of the said licence. NOW THIS AGREEMENT WITNESSETH AS FOLLOWS: 1. The parties hereto agree that Licensor has permitted Licensee to use and occupy a portion of the Shop to carry on its business activities for a period of __________________________ (______________) [insert the number of months in both words and numerals] months commencing on the __________ day of ____________________________, _____________ and terminating on the _________ day of ____________________________, _____________ (hereinafter referred to as the “Licence Term”). 2. The portion of the Shop that Licensee shall be entitled to during the Licence Term is described as follows: [insert full description of licensed portion of the Shop]. 3. Licensee shall pay an interest-free security deposit of _________________ Rupees (Rs.___________) to Licensor on or before execution of this Agreement, receipt of which shall be acknowledged by Licensor (as set forth in Appendix A, attached hereto). -2- 4. Upon expiry of the Licence Term, and once Licensee has handed over vacant charge of the licensed portion of the Shop to Licensor, Licensor shall, after adjusting any dues, refund the said security deposit to Licensee. 5. Licensee shall pay a monthly compensation fee of _______________________ Rupees (Rs.__________) in advance on or before the __________ day of every licence month for the use of the licensed portion of the Shop. 6. Licensee shall be permitted to bring its own articles and things onto the licensed portion of the Shop during the Licence Term. At the end of the Licence Term, Licensee shall remove any such articles and things from the licensed portion of the Shop. 7. Licensee shall be responsible for paying for or reimbursing to Licensor any and all electricity charges as per the electricity
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