Contracts with government

Mehak Khanna (Querist) 18 April 2016 This query is : Resolved
In case of an Government contract in which Govt. leases bus shelters for advertisement to our Company-

If we do not provide any minimum guarantee provisions and only have a Revenue share clause which provides that we will give certain percentage to Government on our revenue only-will it be treated as Valid consideration as it is dependent on our earning revenue

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Mehak Khanna (Querist) 18 April 2016
In case of an Government contract in which Govt. leases bus shelters for advertisement to our Company-

If we do not provide any minimum guarantee provisions and only have a Revenue share clause which provides that we will give certain percentage to Government on our revenue only-will it be treated as Valid consideration as it is dependent on our earning revenue

Guest (Expert) 18 April 2016
You are giving consideration , but consideration is not fixed.

Devajyoti Barman (Expert) 19 April 2016
It is very much valid consideration.
Take help of a legal professional while drafting such agreement.

Rajendra K Goyal (Expert) 19 April 2016
It would be valid provided all parties agree to it.

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