… on the basis of leave and licensing, at a sai Prasad Properties Ltd., a financial institution in which measures are taken under the MPID Act. Subsequently, the same thing was given on holiday and… the bail in case 2 lakhs, which the complainant had received as a surety for the holiday and licence contract, may be considered the property of Sai Prasad Properties Ltd…. a financial body. The rent the complainant received from the aforementioned financial institution refers to the property he awarded in the leave and licence contract. As such, it`s… The parties would separately execute the necessary legal documents in the form of Leave and License Agreement for each site/place and cost for these documents, including registration and stamp duty where… petitioners. The duration of such a leave and licence contract would be valid for a period of five years.8 It is argued that at the end of a period of 5 years from the date of execution of… Although the petitioners identified the shop that was to be put on leave and granted, the parties did not enter into a lease and license agreement, but the agreement of … One of the sectors most affected is real estate specifically related to the leave and licensing agreement (LLA) for residential and commercial real estate. Many licensees are either people working in white and working occupations (to the extent that they are required to take a complete reduction in their salary or not receive a salary, or not to be made redundant, dismissed or banked), or start-up companies that suffer losses (due to legal restrictions imposed by the government or state government).
This has had a drastic effect on the ability to pay rents/fees/benefits, etc., in such a situation. Many individuals or companies that have entered into an LLA are now struggling to pay rental/licensed/compensation costs. In this article, we will talk about the impact of force majeure clauses in a licensing agreement. Most real estate leases contain such force majeure clauses. Housing, hotels, restaurants and retail businesses that pay the highest rents tend to include force majeure clauses in their contracts that would suspend the payment of rent in the event of force majeure. However, in the absence of a force majeure clause, the parties may continue to request the termination of a contract because of the nullity of an agreement on an act that becomes impossible after the contract is concluded.