LICENCE
FOR OFFICE PREMISES [CD1]
This Deed of Licence is Made
Between
M/s
____________________________________________________________, a Company
incorporated under the Companies Act, 1956 and having its registered office at
_________________________________________,
hereinafter called "the Licensor" (which expression shall unless
contrary to the context, include its heirs and assigns) of the One Part;
And
M/s
__________________________________________________________a Company
incorporated under the Companies Act, 1956 and having its registered office at
____________________________________________,
hereinafter called "the Licensee" (which expression shall unless
contrary to the context, include its heirs and assigns) of the Other Part.
Whereas the Licensor has
constructed several offices at ______________________________ on the plot of
land measuring _______ sq. metres leased out to the Licensor by the ……………………….
Development Authority under everlasting lease deed dated the __ day of
________, registered with the Sub Registrar of Deeds and running from page ___ to
_____ hereinafter referred to as "Premises".
And Whereas the Board of
Directors of the Licensor have adjudged to give, on the basis of leave and
Licence only, offices to
intending parties to use the same for the stipulated purposes;
And
Whereas the Licensee intends for taking on Licence the office situated at
________ measuring sq. meters situated on the 3th floor of the Premises
(hereinafter referred to as "the specified space");
Now This Agreement Witnesses
as Follows:
1.
In consideration of the
periodical payments hereinafter consented to be paid by the Licensee and other
undertakings set out hereinafter, the Licensor hereby Licences and empowers the
Licensee for entering upon and using the specified space for setting up its
office for doing business per terms /conditions as set out in this Licence. Any
alteration in the authorised purpose done only with the express permission of
the Licensor.
2.
The Licence under this
Agreement shall be operate for 2 (two) years from the date the specified space
is made available to the Licensee (hereinafter referred to as "beginning
date") for doing the authorised purpose. If Licensee opt , the Licence
under this Agreement shall be renewed for further time of not exceeding 2 (two)
years at one time.
3.
During the existence of this
Licence, the Licensee hereby consents with the Licensor and undertakes as
follows: -
(i)
That the Licensee shall pay
to the Licensor a sum of Rs.______ (Rupees ______ only) as Licence fees by the
7th day of every month, the first of such payments to be made on beginning
date.
(ii)
In addition to the license
fees, the Licensee shall also pay a sum of Rs. ______, as interest free
security deposit to the Licensor, this amount shall be refunded by the Licensor
in case of termination or ending of the period of this License.
(iii)
The Licensee shall not use
the specified space for other than the authorized purpose and only from 9AM to
5PM. If the Licensor thinks that the Licensee may need using the specified
space for longer hours, connecting with its business. The Licensee may do it
with the permission of the Licensor.
(iv)
The Licensee shall get and
enforce all permission and licenses, which may be needed by law for use of the
specified space and shall obey with any condition which, may be attached to any
such permission or licenses.
(v)
The Licensee shall manage
and conduct the specified space for preserving the reputation of the Licensor
and obey all mandatory rules and regulations and those framed by the Licensor
from time to time. The Licensee shall in specially use or allow the specified
space for any form of unlawful activities.
(vi) The Licensee shall not alter or add to the specified space or to
remove there from any of Licensor's fixtures /fittings. The Licensee build or
construct temporary wooden partitions/structures and other equipments and
apparatus in use for suiting its convenience in side or around the specified
place without the express written agreement of the Licensor. On ending or prior
termination, of this Licence, the Licensee can remove such
partitions/structures, equipments and apparatus etc. as may be built/framed on
the specified space and restoring it to original condition.
(vii)
The Licensee shall not store
or cause to be stored any perilous, combustible or dangerous goods in specified
space nor use any gas, kerosene or electric stove or appliances for cooking
food or beverage item or for use.
(viii)
The Licensee shall pay or to
be paid charges for electricity (including meter hire charges), telephone
calls, and other services provided by the Licensor at the specified space at
once on receiving bills/ demand by the Licensor. If defaulted, the Licensor per
discretion withdraw the services/fecilaties.
(ix)
The Licensee shall not do or
allow to be done any action affecting the insurance of the building /property
wherein the specified space is situated.
(x)
In damage or injury being
done to the specified space by the Licensee or his agents or miss using the
premises for other purposes, thanauthorised, the Licensee shall at its own cost
make good all such damage /injury. In after occurrence of such damage the
Licensee do not compensate within 15 (fifteen) days the Licensor may make good such
injury/damage and the Licensee shall compensate the Licensor against all such
expenses cost and charges concerning thereon.
(xi)
On ending of the Licence or
its prior termination by Licensor Licence to vacate the specified space by
removing all equipment, furnishings, etc. If defaulted Licensor's agents can
get the specified space vacated without being liable to damages or
otherwise.
(xii)
On ending of the term of
this Licence, or its prior termination in accordance with the terms of this
Licence, whichever be earlier, the Licensee shall at once surrender the
specified space to the Licensor. In case of prior termination of the Licence,
refund all pre-paid and uncounted amounts under this License, and any prepaid
portions of rent to the Licensee shall be a pre-condition for surrendering the
specified space.
(xiii)
The Licensor shall be wholly
responsible in paying all rates, impositions, house tax, cesses, out goings and
all other taxes, including Municipal taxes and Indian Income Tax as levied or
as levied in future by any authority concerning the specified space. The
Licensee shall be responsible in paying of electricity and water bills to date
of surrendering specified space to the Licensor.
(xiv)
The Licensor or its
authorized representatives shall give legal stamped receipts as Licence fee (s)
paid by Licensee.
(xv)
that Licensee shall can
install in using one or more telephones/fax machines in the specified space, so
convenient to him.
(xvi)
That the Licensee shall not
be responsible for any loss, damage or destruction to the specified space
emerging any reasion beyond the Licensee or owing to any contraction defect in
the specified space or which the Licensor is needed to maintain insurance.
(xvii)
That while surrendering the
specified space to the Licensor (after ending or termination of the License)
Licensee shall ensure that the specified space are in good condition on to
date, subject to normal wear and tear and to any damage by a cause beyond the
justified control of the Licensee.
4. The Licensor hereby
consents with the Licensee as follows:
(i) To
allow or cause to allowed the Licensee its servants and agents in entering and
using the specified space during trade hours.
(ii) In
keeping or causing to be kept the premises, where in the specified space
Licensed to the Licensee is located, in good condition.
(iii) For
giving following facilities/services to the Licensee:-
(a) Central
air-conditioning facilities during trade hours;
(b) Cleaning
and keeping in clean and neat condition common passages, lobbies and entrances
surrounding the specified space and servicing to the electricity, water and
sanitary fittings in the common passages, lobbies and entrance surrounding the
specified space;
5.
On ending of period of
Licence with vacating of the specified space by the Licensee in proper and good
condition, Licensor shall pay back the security deposit to the Licensee. If
security deposit is not payed by 30 days from date of ending of Licence
/vacating the specified space the Licensor shall pay an interest at the rate of
___% from date of vacation of the specified space to the date of payment.
6.
The Licensee can
assign/transfer its right per this Licence with express agreement of the Licensor
on such terms /conditions as Licensor notify from the time being concerning
this.
7.
The Licensor shall be
justify in terminating the Licence if any terms of the Licence is broken by the
Licensee by expressly notify for 30 (thirty) days notice to the Licensee for
removing contravenes or condition breached. If Licence do not remove those
breaches by 30 days ,licences will be ended .If
Licensee
intended in ending the Licence the Licensee should give 60 (sixty) days express
notice to Licensor. Licence shall be ended on expiry of the notice.
Despite
anything contained hereinbefore the Licensor shall be justified in creating
charges/mortgages per first charge on its land, premises and the buildings
(including the offices) built and to be built, favouring the Financial
Institutions and Banks as Security for their term loans advanced/to be advanced
to the Licensor for its needs.
The
Parties hereby agree consent and acknowledge (a) that the enactments of this
Agreement with rights of all Parties stated herein shall be ruled by laws of
India and decided according to enactment of Arbitration and conciliation Act,
1996.
In Witness Whereof, the
parties have executed this Agreement
Date:
Licensor:
Licensee:
Witnesses:
1.
2.
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