Agreement between Owner of a Site and Advertising Agency
| Updated at | March 2010 |
AGREEMENT is made at... this... day of... between Shri..... of... hereinafter referred to as the 'Owner' of the One Part and....... Co. Ltd., a company registered under the Companies Act, 1956, and having its registered office at... hereinafter referred to as the 'Licensee' of the Other Part;
WHEREAS --
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The Owner owns a piece of land situate at... and bearing S.No... admeasuring about... sq.metres and it is a site near and facing the High Way No...
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The Licensee has requested the Owner to allow him to put up a hoarding on the said site for displaying advertisements of its customers and which the Owner has agreed to do on the following terms and conditions agreed upon between the parties.
NOW IT IS AGREED BETWEEN THE PARTIES HERETO AS FOLLOWS:
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The Owner agrees to grant and hereby grants license to the Licensee to put up a hoarding or board on the said site at the place marked by letters A & B on the site-plan hereto annexed. The board of the hoarding as well as the frame of the hoarding will be... in length and... in breadth and... in height. The hoarding will be put up facing the said road.
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The frame or the support on which the hoarding will be fixed will be strong and not easily removable but not permanently fixed and shall not occupy more than... sq.feet of the area of the site.
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In consideration of the Owner...
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