The Leave And License Agreement In Indian Industries

Views:
 
     
 

Presentation Description

In the industrial jargon, the leave and license agreement is something that is pretty important. It is basically a legal agreement which is to be recorded between the licensor and the licensee, and it is mainly done to ensure that stamp duties and recession taxes can be evaded in the real estate market. However,

Comments

Presentation Transcript

The Leave And License Agreement In Indian Industries:

The Leave And License Agreement In Indian Industries

Slide 2:

In the industrial jargon, the leave and license agreement is something that is pretty important. It is basically a legal agreement which is to be recorded between the licensor and the licensee, and it is mainly done to ensure that stamp duties and recession taxes can be evaded in the real estate market. However, it has a lot of important clauses that bring about said importance in the generic market as well .   1. Timeframe: -   For most leave and license agreement, they have a lock in period,

Slide 3:

thereby the licensor and the licensee would have to be locked in an agreement for a specific timeframe. This way, there would be no evading from the technical feasibilities by the licensor as and when they get the technical advancements of their necessities. 2.Possession : -   Many of the leave and license agreement has been suggesting that the possession should always remain with the licensor. This is in fact perfect for the spirit of the necessary agreement,

Slide 4:

since having any kind of exclusive position is always the key determinant when it comes to transacting of a particular product. However, there should always be a specific intention of not having to transfer any right, title, interested possession of the property or anything of that sort. 3.Character improvement: - There should always be a clause in regards to the clarity of the agreement and how it would be able to effect the nature and the permanent feature of the property. For more information about leave and license agreement , visit this website.

authorStream Live Help