A License Agreement Property is essential for situations where temporary or conditional use of property is required without transferring ownership. This document, governed by Belgian law, establishes the framework for property licensing arrangements, whether for commercial, industrial, or other purposes. It's particularly relevant in Belgium's complex federal structure, where property regulations can vary by region. The agreement typically includes detailed provisions on permitted use, duration, fees, maintenance obligations, and compliance with local regulations. It's commonly used for various arrangements from commercial space licensing to industrial facility use, incorporating specific requirements under Belgian property law and the Civil Code. The document ensures clear definition of rights and responsibilities while maintaining compliance with Belgian legal requirements for property transactions and usage.
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1. Parties: Identification and details of the licensor and licensee
2. Background: Context of the agreement and brief description of the property and intended use
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of License: Scope and nature of the license being granted, including any restrictions
5. Term and Renewal: Duration of the license and any renewal provisions
6. License Fee: Payment terms, amounts, and schedule for the license fee
7. Property Use and Access: Specific terms regarding how the property may be used and accessed
8. Maintenance and Repairs: Responsibilities for property maintenance and repairs
9. Insurance and Liability: Insurance requirements and allocation of risks between parties
10. Compliance with Laws: Obligations to comply with relevant laws and regulations
11. Termination: Circumstances and procedures for termination of the license
12. Dispute Resolution: Procedures for resolving disputes between parties
13. Notices: How formal communications between parties should be made
14. Governing Law: Specification of Belgian law as governing law and jurisdiction
1. Security Deposit: Terms for security deposit if required - include for high-value properties
2. Sublicensing: Rights and restrictions regarding sublicensing - include if sublicensing is permitted
3. Alterations: Terms for making changes to the property - include for long-term licenses
4. Environmental Compliance: Environmental obligations - include for industrial properties
5. Utilities and Services: Responsibility for utilities - include for properties with shared services
6. Intellectual Property: IP rights related to the property - include if relevant IP elements exist
7. Force Majeure: Provisions for unforeseen circumstances - include for long-term licenses
8. Assignment: Rights to assign the license - include if assignment might be needed
1. Property Description: Detailed description and plans of the licensed property
2. License Fee Schedule: Detailed breakdown of license fees and payment schedule
3. Permitted Use: Detailed description of permitted activities and use restrictions
4. Maintenance Schedule: Detailed maintenance responsibilities and schedules
5. Insurance Requirements: Specific insurance requirements and coverage levels
6. Property Rules and Regulations: Specific rules governing the use of the property
7. Condition Report: Report on the condition of the property at commencement
8. Required Permits and Licenses: List of required governmental permits and licenses
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