Deed of Licence

Deed of Licence

This deed of licence is made this ……………… day of …………… 2000 between AB, son of …………… residing at ………… (hereinafter called the licensor) of the one part and CD, son of …………… residing at …………… (hereinafter called the LICENESEE) of the other part.

WHEREAS the said CD has applied to AB for the use of the eastern outside wall of his building being premises No. …………… for the purposes of utilising the same for publicity and advertisement of his goods a specimen copy whereof with type and design shall be delivered to the licensor for a period of two years: and WHEREAS the said AB has agreed to grant the licence.

Now these presents witnesses and the parties hereby agree as follows:

1. That the said CD shall be entitled to use the said outer wall of premises No. …………… for the purpose of advertisement of his goods by coloured signs, marks, letters or other representations for two years from the date in dimensions measuring ……………… and not contrary to any regulation of the Municipality or other public body or authority.

2. That the said CD shall pay Rs. …………… as such advertisement charges per month in advance within the 5th day of every current month.

3. That in the event the said outer wall or the plaster thereof is damaged on account of any act, default or negligence or omission on the part of CD, he shall forthwith execute all the necessary repairs thereto or in the alternative pay adequate compensation to AB on that account.

4. That the said CD shall pay for all taxes and impositions on account of such advertisements.

5. That the said AB shall be entitled to revoke this licence within the said period of two years only on failure to pay regularly the fees or taxes or impositions as aforesaid.

6. That the said CD shall not be entitled to affix on the said wall any representation of other goods nor have any interest in the said wall and further shall indemnify the said AB against any damage suffered in case such display or advertisement is found to be in breach of statutory rules or  orders of any Authority.

In witness whereof the parties have signed these presents on the day, month and year first above-written.

Signed,  sealed  and  delivered  by

AB the licensor in the presence of:

Signed,  sealed  and  delivered  by

CD the LICENESEE in the presence of:

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