Jayanta Bandyopadhyay 21 August 2024
Our company is executing 60 months Leave & License agreement with another company for a commercial plot beyond 60 months in Mumbai.
Is Leave & License agreement having a term beyond 11 months period?
Does it cover company to company (B2B) ?
Please guide.
T. Kalaiselvan, Advocate (Advocate) 22 August 2024
The leave and license contract is usually valid for an 11-month duration, with an option to renew it for another 11 months. If there is any dispute, for example, over how often rent can be increased, it is the document that can put the matter to rest.
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