Meaning of rent payment clause

pooja dedhia (Querist) 09 June 2012 This query is : Resolved
The Licensee shall pay Licensors Licensee fees per month by 10 th of every month for the previous month. If that day falls on a weekend or legal holiday, the Licensee fees due on the next business day.

is it means payment of june monthrent will be the july up to 10 th?

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A V Vishal (Expert) 09 June 2012
Yes, it means what you understood

R.K Nanda (Expert) 09 June 2012
You have stated the answer in the last line
of ur query.

sanjeev murthy desai (Expert) 09 June 2012
If july 10th is holiday, you can pay it next day

Shonee Kapoor (Expert) 19 June 2012
Rightly said.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

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