LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Swaroop (Enginner)     12 June 2018

Protect leave and license agreement

Dear Experts, 

I am planning to rent out a small commercial building.  They are going to run a shop selling some goods.  To protect the owner's interest, L.L agreement seems to be a better options than Lease agreement. 

But making a valid L.L agreement seems difficult, especially if any dispute goes to court. Licensee could claim the agreement as "lease" agrement, stating the nature of agrement was actually "lease" and not L.L.  This would prolong the case, as it is in Civil court.

So, what are all the precautions and conditions agreement should have to really become an L.L agreement, and not be interpreted as "lease".  I read other blogs that terms like "rent", "tenant" should not be used. But really think problem is much more than that.

regards



Learning

 1 Replies

Swaroop (Enginner)     14 June 2018

Experts, please help


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Recent Topics


View More

Related Threads


Loading