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1. Parties: Identification of the Licensor (property owner/controller) and Licensee (user of the property), including full legal names and addresses
2. Background: Context of the agreement, nature of the property, and purpose of the license
3. Definitions: Key terms used throughout the agreement, including 'Property', 'Permitted Use', 'License Period', and 'License Fee'
4. Grant of License: Clear statement of the permission granted, emphasizing its revocable nature and specific limitations
5. License Period: Duration of the license, including start date and any renewal provisions
6. License Fee: Amount payable, payment schedule, and method of payment
7. Permitted Use: Specific description of how the Licensee may use the property, including any restrictions
8. Licensee's Obligations: Key responsibilities including maintenance, compliance with laws, and conduct requirements
9. Licensor's Rights: Including right of inspection, revocation conditions, and other reserved rights
10. Termination: Grounds for termination, notice requirements, and consequences of termination
11. Governing Law: Specification of Hong Kong law as governing law and jurisdiction
1. Utilities and Services: Used when the license includes provision of utilities or services, specifying responsibilities for payment and maintenance
2. Security Deposit: Include when a security deposit is required, specifying amount, holding conditions, and return terms
3. Insurance: Used when specific insurance requirements are imposed on either party
4. Alterations: Include when the Licensee may need to make changes to the property
5. Assignment and Sublicensing: Used when there's a need to explicitly prohibit or regulate transfer of rights
6. Indemnification: Include when specific indemnity provisions are required beyond standard liability
7. Force Majeure: Used when parties want to address circumstances beyond their control
8. Confidentiality: Include when the arrangement involves sensitive information or trade secrets
1. Schedule 1 - Property Description: Detailed description of the licensed property, including floor plans or photographs
2. Schedule 2 - License Fee Schedule: Breakdown of fees, payment dates, and any escalation provisions
3. Schedule 3 - House Rules: Specific rules and regulations governing the use of the property
4. Schedule 4 - Inventory: List of any furniture, equipment, or fixtures included in the license
5. Schedule 5 - Condition Report: Documentation of the property's condition at the start of the license
6. Appendix A - Required Permits: Copies of any necessary permits or authorizations
7. Appendix B - Insurance Requirements: Detailed insurance specifications if required
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