Leave and Licence Agreement
Legal Eagle
(Querist) 24 June 2009
This query is : Resolved
Hi. I am presently a licensee, my leave and licence is to expire. There is a clause of renewal. As per the said clause, I can renew the said leave and licence. I want to know, whether I have to enter into a fresh Leave and Licence agreement, as earlier I had paid the stamp duty for the existing licence period.
What is the procedure for renewing the licence?
WHat is the need to add a renewal clause?
Can any one renew the licence without there being a renewal clause in the licence agreement??
WHich sections are applicable in this context.
Thanks in advance
A V Vishal
(Expert) 24 June 2009
Dear Kashmira
The clause for renewal is subject to the desire of the parties to continue with a contract in future, personally I don't see any use of such a clause. Regarding the renewal of the contract, yes a fresh deed of leave and license has to be executed extend the contract to a further period of time. You have to pay fresh stamp duty for the renewal also.
Uma parameswaran
(Expert) 26 June 2009
I am concurred with Mr.VISHALJI.Licence agreement can renew with out renewal clause.
Legal Eagle
(Querist) 26 June 2009
Thank you Vishal and Uma. Just for knowledge point of view, what is the importance to incorporate a renewal clause in any agreement.
These days there is something like effective date of the agreement, what is the need to write such new things and simply complicate the matters
