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Termination of registered leave & license agreement

(Querist) 03 October 2011 This query is : Resolved 
Respected Sirs,
our company has entered into agreement for five years with one party having business of Glass Toughening.

In our premises there is a problem of water leeakage which is not suitable for licensee.

Execution of Registration cost incurred is of Rs. 50,000/-

Now considering the problem of licensee, both the Licensor and Licensee have decided to terminate the agreement mutually

There was no such clause in the agreement about premature termination.

Kindly let me know what are the procedure
for terminating agreement from both Licensors side as well as Licensees side.

I want two options because in this case Licensee has seen the premises and now he wants termination, on his request we have done repair work of Rs. 5,00,000/- at our cost, he has not put into use the said premises and hence no installmesnt towards monthly compensation received to us, considering this my boss wants to deduct ampount of repairs incurred from Deposit amount but let me know the procedure in depth.

Awaiting best reply.

Thanking you,
Tribhuvan Purohit
ajay sethi (Expert) 03 October 2011
consult a lawyer . your company can easily afford legal fees.
TRIBHUVAN PUROHIT (Querist) 03 October 2011
Respected Sir,

Though i have illustrated the complete scenario
I just want to know about the procedure for termination of unregistered document.

Please let me know.

Thanking you,
Tribhuvan Purohit

Nadeem Qureshi (Expert) 03 October 2011
Dear Mr. Purohit
Why are you not consult a lawyer, u can afford the fee, Mr. Sethi , I am fully agree with your answer
prabhakar singh (Expert) 03 October 2011
it would not be possible for you personally,you do need personal service of a lawyer.


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