Legal Queries

Question:
I would like to know can a Leave and License agreement be made for more than 11 months or at least automatic renewable upon expiry of each 11 months, unless either party terminate the same ? Thanks Kartik Tiwari

Reply:
I think its always best to make Leave & License Agreement for 11 months and add a clause that the same can be renewed for similar period with mutual consent or subject to written approval of Lisensor. But we are hearing a news that the Govt of Maharashtra is trying to amend the fixed stamp duty for Leave & License Agreement to make it even higher like a Flat Purchase Agreement. That way even renting a flat for need ones will become a dear dream for both the Licenssor and the Licensee.

Ibrahim Deshmukh
Legal Consultant
[email protected]
www.law-india.com



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