LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

anand das (service)     12 October 2011

Leave license vs busines conducting

1. What is difference between Leave & License agreement and Business Conducting agreement?



Learning

 2 Replies

Nandgopal (Partner)     13 October 2011

leave and licence allows the licencee to use the premisis for a fixed period there is no financial liability , while the other is in the nature of an agent, which means that if the business  were to incur any liability  the principal would also be liabile.

1 Like

anand das (service)     14 October 2011

Thank you Nandgopalji. Pls consider following situation.

‘A’ owns a certain piece of land and there is a structure (a 3 storied building) built by ‘A’ on this land. Building is newly built and is empty.  ‘A’ is approached by a multinational company ‘B’ to open it’s retail outlet in this premises (land with building).  

Can ‘A’ give the premises by entering into a ‘Business Conducting Agreement”  without getting into ‘Lease ‘ or  ‘Leave and License agreement’ and also without ‘A’ himself participating in the business? Company ‘B’ will give money to use A’s premises as per ‘Business Conducting Agreement”.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register