Agreement for Business Centre

Updated atMarch 2010

THIS AGREEMENT is executed at ____ this the ___ day of ______

BETWEEN

M/s ________, having its registered office at _________________, carrying on the business of establishing "Business Centre" at ___________, represented by its ________, Mr.____, son of Mr. ___, aged about___years hereinafter referred to as "The Licensor"'' (Which expression shall, unless it is repugnant to the context, mean and include the successors-in-interest, administrators and permitted assigns) of the One Part

AND

M/s_______. having it''s registered office at No: ____________, represented by its General Manager Mr. ____, son of Mr. ___, aged about ___ years herein after referred to as "The Licensee", (Which expression shall, unless it is repugnant to the context, mean and include the successors-in-interest, administrators and permitted assigns.) of the Other Part.

WHEREAS

The Licensor has represented that it has___ sq feet of vacant premises, in the business Centre with infrastructure to render ___ office facilities to cater the needs of persons who are in need of office space.

The Licensee has approached the Licensor to occupy of the said premises and facilities and the Licensor has agreed to grant the same on mutually agreed terms and conditions mentioned hereunder:

NOW THEREFORE IN CONSIDERATION OF THE MUTUAL RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO THIS AGREEMENT WITNESSETH AS FOLLOWS:

This agreement shall be in force for a period of __ months from the date of execution of this Agreement.

In case the Licensee commits any breach of the terms of this Agreement, or causes any harm or damage to the premises and the amenities provided, the license hereby granted shall stand terminated without notice

The Licensee shall pay a license fee of Rs.______/- (Rupees______only) every month on or before ___ day.

The aforesaid Security Deposits shall be returned on the expiry of this agreement or on termination thereof or on the Licensee vacating from the said premises.

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