I am about to start up my restaurant business in Mumbai & I am in discussion with a company to get a location. This company doesn't own the location but rents it. They propose me a conducting agreement. I am a bit skeptical about it. I would have some basic questions:
i/ How can I ensure that this company is entitled to propose me this contract? This company should have a contract with the landlord, right?
ii/ Generally speaking, what are the key features of such a contract? More specifically what are the advantages/disadvantages of such a contract versus a lease agreement?
iii/ Would you have a standard conducting agreement document for a restaurant business?
iv/ What if the contract between this company & the landlord terminates? My conducting agreement continues to be valid or not?
v/ What's the applicable taxation on the conducting agreement fees?
Thanks in advance for your help,