LICENSE AGREEMENT

 

                                LICENSE AGREEMENT

Agreement made at ..................... this ................ day of .........................between .............................. herein after referred to as “the Licensor” of theone part and .................................... herein after referred to as “the Licensee” of the other part, as follows:

WHEREAS

1. The Licensor is the owner of the open well in the ............... of ......................

here in under herein after called as “open well”.

2. The Licensee is approached the Licensor with request to allow the Licensee to permanently to occupy and use of the open well for carrying for their over flow water (Excess water) on license basis until the Licensee getsother more suitable accommodation.

3. The Licensor has agreed to grant license to the Licensee to occupy and use the said open well on the following terms and conditions agreed to between the parties hereto.

NOW IT IS AGREED BY AND BETWEEN THE PARTIES HERETO AS

FOLLOWS:

The Licensor hereby grants license to the Licensee to occupy and use the

open well for a period of ______________ month from _________. The Licensee agrees to vacate the said open well even earlier if the Licensee secures any other arrangements.

.

5. Licensee will be allowed to use the licensed open well

6. The licensed open well will be used only for carrying on over flow water (Excess water) and for no other illegal, immoral purpose.

7. Licensed scheduled property has normal electricity fittings and fixtures. If the Licensee desires to have any additional fittings and fixtures, the Licensee may do so at his cost and in compliance with the rules. The

Licensee shall remove such fittings and fixtures on the termination of the license .

8. The licensed scheduled property is given to the Licensee on personal basisAnd the Licensee will not be entitled to transfer the benefit of this Agreement to any body else or will not be entitled to allow any body else

Occupy the scheduled property or any part thereof. Nothing in thisAgreement shall be deemed to grant a lease or tenancy and the Licensee Agrees and undertakes that no such contention shall be taken up by the

Licensee at any time.

9. The Licensee shall not be deemed to be in the exclusive occupation of the Licensed open well and the Licensor will also have the right to use Open well.

10. The Licensee shall maintain the licensed scheduled property in good Condition and will not cause any damage thereto. If any damage is causes tothe scheduled property or any party thereof by the Licensee or hisEmployees, servants or agents, the same will be made good by the Licenseeat the cost of the Licensee either by rectifying the damage or by payingcash compensation as may be determined by the Licensor’s Architect.

11. The Licensee shall not carry out any work of structural repairs or additionsor alterations to the said open well. Only such alterations orAdditions or not of structural type or of permanent nature may be allowed to

be made by the Licensee inside the open well with the previousPermission of the Licensor.

12.Licensee shall not cause any nuisance or annoyance to the people in theneighbourhood or store any hazardous goods in the open well.

13.If the Licensee commits a breach of any term of this agreement thenNotwithstanding anything herein contained the Licensor will be entitled toTerminate this agreement by _____________ days prior notice to theLicensee.

14. On the expiration of the said term or period the license or earlierTermination thereof, the Licensee shall hand over vacant and peaceful Possession of the licensed scheduled property to the Licensor in the same

Condition in which the scheduled property now exists subject to normal Wear and tear. The Licensee’s occupation of the scheduled property after Such termination will be deemed to be that of a trespasser.

IN WITNESS WHEREOF the parties herein have affixed their respective

Signatures to this deed at _______________ on this ______________ day of ______________ year in presence of the witness:

WITNESSES:

1.                                                                                                               LICENSOR

2.                                                                                                               LICENSEE

PARTNERSHIP DEED

PARTNERSHIP DEED

                         This DEED OF PARTNERSHIP made on this …………….. day of ………………, BETWEEN:

1.   Shri …………………., Date of Birth:…………….,Occu: Business, R/o: …………., state herein after called party of the I part and Partner No1           

                 

2.   Shri ……………………., Date of Birth:…………….., Occu: Business, R/o: ………………………., state herein after called party of the II part and Partner No2    

           

          WHEREAS, the parties hereto have decided to carry on the business of partnership in RATAIL SECTOR under the name and style of …………………………..

          WHEREAS, the parties are desirous of reducing to writing the terms and conditions of their partnership Agreement as mentioned below:

THEY HEREBY AGREE THAT:

1.   The business of the Firm shall be to deal in retail sector and to do such other business as the partners may mutually agree. 

2.   The partnership shall commence with effect from today, the ………….^. day of ………………………… 

3.   The business of the Firm shall be carried on under the name and style of ……………………………………...

 

4.   Duration of Firm at WILL.

5.   The principal place of business of the Firm shall be rent basis and situated at ………………………. The Firm may however carry on the business at such other place or places as the partners may mutually agree from time to time.

6.   That the, capital investments of the partners wherever necessary, shall be contribute by the partners equally.  

7.   The profits and losses of the Firm shall be shared or contributed by the partners in the following proportions.

1.      Shri ......................................          01%

2.      Shri ......................................        99%

Total                                                            100%

8.    That  bar of the partners so long remain a partner of the firm carry on any other business, directly or indirectly, similar to or competitive of the business of the kind run by the firm. 

9.   That the firm shall not be closed either by death or retirement of the partner or partners but shall continue to run either with or without successor or successors of such deceased or out going partner or partners. 

10.               That the bank account shall be operated by the partner No.2 only. 

11.               That all the matters of disputes regarding the partnership business shall be decided by the arbitrators duly appointed by the partners. 

12.               That the party of the first and second parts will be the working partners and shall be responsible for carrying out the day to day functioning of the partnership firm Viz day to day management, maintaining of accounts, office, bank affairs, purchase and sale of goods, service, recovery of dues, income tax and sale tax matters etc. The partners will mutually decide about the work to be under taken by each of them.

13.               That the books of account of the firm is and shall be maintained in    language considered more convenient by the partners. And that the account of the firm shall close 31^st march of every year.

14.               That the books of accounts are and shall be kept at the principle place of business of the firm and partners shall have the access on that by right.

15.               That no new partner or partners shall be admitted to the business of the firm without the mutual consent of the all the partners.

16.               That the firm shall not be closed either by death or retirement of the partner or partners but shall continue to run either with or without successor or successors of such deceased or out going partner or partners.

17.               Both the partners shall be just and faithful to each other. 

18.               Any dispute which may arise between the partners shall be referred to Arbitration according to the provisions of Arbitration Law then in force and the decision of the Arbitrator shall have binding on all partners of the Firm. 

19.               The relationship of the partners shall be governed by provisions of India Partnership Act of 1932 or any the subsisting modification there of shall apply.

IN WITNESS THEREOF we all the partners hereto have signed this deed at their free will and consent on today .............day of ............at ..................

PARTNERS    SIGNATURE

Witnesses:                              1 Shri .............................       

            Partner No.1

1

2 Shri ...........................

            Partner No.2

2

                     FORMS register

      FROM NO.1

(SEE RULE NO.3)

        THE INDIAN PARTNERSHIP ACT, 1932.

Application of Registration

Of Firm by the Name: 

Presented or forwarded to the

Registrar of Firms for filing by  

            We, the undersigned being the partners of the firm hereby apply for Registration of the said firm and for that purpose supply the following particulars, in pursuance of section 58 of the Indian Partnership Act, 1932.

The Firm Name:        

Place of Business:

(a) Principal Place:

(b) Other Places     Nil

Name of the partners in full     Date of joining the firm             Permanent Address in full

1

2

3

4

5

6

Duration of the firm:  At Will

                                                                                                1

                                                                                                                                                                                                                                                2                                                                                             

3

4

5

6

Station :  .                                            Signature of Partners.

Date   

Shri                                                    Son of                         ,             Years of age do hereby declare that the above statement is true and correct to the best of my knowledge and belief and also declare that upto the date of submission of this application there has not been any change whatever in any of the particulars stated above.

Date:

Witnesses                                                                              Signature.   

                            Advocate/Chartered Accountant.

                                                                                   

Shri                                                Son of                         ,             Years of age do hereby declare that the above statement is true and correct to the best of my knowledge and belief and also declare that upto the date of submission of this application there has not been any change whatever in any of the particulars stated above.

Date:

Witnesses                                                                              Signature.  

                            Advocate/Chartered Accountant.

                                                                                   

Shri                                                Son of                         ,             Years of age do hereby declare that the above statement is true and correct to the best of my knowledge and belief and also declare that upto the date of submission of this application there has not been any change whatever in any of the particulars stated above.

Date:

Witnesses                                                                              Signature.  

                            Advocate/Chartered Accountant.

                                                                                   

Shri                                                Son of                         ,             Years of age do hereby declare that the above statement is true and correct to the best of my knowledge and belief and also declare that upto the date of submission of this application there has not been any change whatever in any of the particulars stated above.

Date:

Witnesses                                                                              Signature.  

                            Advocate/Chartered Accountant.

                                                                                   

Shri                                                Son of                         ,             Years of age do hereby declare that the above statement is true and correct to the best of my knowledge and belief and also declare that upto the date of submission of this application there has not been any change whatever in any of the particulars stated above.

Date:

Witnesses                                                                              Signature.  

                            Advocate/Chartered Accountant.