7. The MRP of the goods delivered by FIRST PARTY corresponds to the similar goods stored in other franchised outlets of FIRST PARTY in the country and in view of the above, SECOND PARTY is entitled to the commission/margin which is reconciled monthly. Any income tax payable is deducted before the margin money is released. The Parties will develop a ratio and mechanism for allocating commissions and expenses, as explained in this agreement. 17. The second party shall not abuse the trademark of the first party in any manner or any other trademark under which the goods are supplied by the party of the first party. Under no circumstances will the SECOND PARTY use these trademarks during/after the business contract, except for the affairs of the company and also with the consent of the company, the SECOND PARTY will ensure that all trademarks and their image of the company must be kept safe. Lease or license agreements, on the other hand, are concluded for a period of 11 months, with the possibility of extending the contract after the expiry of the contract. Since an 11-month lease is only a licence allowing the tenant to occupy the premises for a short period of time. As a result, rent control laws do not apply in most states. In addition, 11-month leases allow the landlord to take more action in the event that the tenant is evicted from the property. Therefore, most landlords prefer to sign an 11-month lease, with an option to extend at the end of the contract term.
WHEREAS, after mutual discussion, the FIRST PARTY group chose the air-conditioned exhibition space of the SECOND PART, measuring approximately ———— square feet. located in ———————————————————————————————————-as a retail outlet for these products—————————————————————- and accordingly, the Parties have entered into this Agreement on the following terms; Download Free Legal Formats, we have listed some of the Indian online legal forms and formats to download for free. The formats offer wide content, it is always better to use professional services for legal documentation in India. For all services booked by post, we will answer you immediately. 41h Upon termination or termination of this Agreement, either party shall give three months` notice to the other party. The FIRST PARTY party has the full right to receive all its stocks, stationery, accessories, everything provided by the company. Publicity and accounting books and other documents. PART TWO will have no objection. 20. Any modification of the terms of this Agreement shall be made by mutual consent of the Parties, which shall be reduced in writing and shall result from any part of this Agreement. Thank you for supporting the sharing of such a good thought, the article is nice, that`s why I read it in full and also downloaded the format of the trade agreement. I will share this page with my lawyer friends.
24. In the event of any dispute as to the interpretation of the terms of this Agreement or any act or omission to be done or omitted to be done in execution of this Agreement, this shall be submitted to arbitration by an arbitrator appointed by both parties, and such arbitration shall be deemed ——— in accordance with the provisions of the Arbitration Act, and this decision will be binding on the parties and their representatives. If the performance of any of its obligations under this Agreement by either party is prevented or impeded in any way due to force majeure or any condition or other circumstance beyond the control of the parties, the performance of this Agreement shall be suspended, in whole or in part, for the duration and extent of that disability. Interruption or impediment, provided that the other party is notified in writing of such event or event within 15 days of such event or event. This lease or deed of lease format can be used by the owner or tenant of a residential property. It is signed by the tenant and the owner to declare acceptance of the conditions set by the owner. It is a legal document with the force of law to which the courts can refer in case of disagreement. The lease must be printed on non-judicial stamped paper worth 100 rupees or more. The lease is usually signed between the landlord and tenant against payment of the deposit for the rental property. Typically, two copies of the document are executed, with each party retaining one of the original copies. For requests to develop and review legal formats, please contact us.
25. This Agreement shall have exclusive jurisdiction over all matters arising out of the performance of this Agreement and the performance by either Party of its obligations under this Agreement—————— shall have exclusive jurisdiction. A lease is a legal document that sets out the prescribed conditions under which the rental property is rented, which must be respected between the landlord and the tenant. Although the relationship between landlord and tenant is cordial most of the time, it is good to have a written lease if the relationship becomes sour or full of complaints and misunderstandings.