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License Rental Agreement
"I need a License Rental Agreement for a commercial kitchen space in Manila, where my company will both rent the premises and receive a license to operate a food preparation business 24/7, starting March 1, 2025, with specific provisions for health and safety compliance and local food handling permits."
1. Parties: Identification of the Licensor/Landlord and Licensee/Tenant, including complete legal names, addresses, and tax identification numbers
2. Background: Context of the agreement, brief description of the property/license being rented, and general purpose of the arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Licensed Property', 'Rental Period', 'Permitted Use', etc.
4. Grant of License and Rental Rights: Specific details of what rights are being granted, scope of use, and any territorial limitations
5. Term and Renewal: Duration of the agreement, commencement date, expiry date, and renewal terms
6. Fees and Payment Terms: License fees, rental payments, payment schedule, late payment penalties, and security deposit requirements
7. Use and Restrictions: Permitted and prohibited uses of the licensed property, maintenance responsibilities, and operational restrictions
8. Maintenance and Repairs: Responsibilities for maintaining the licensed property, repair obligations, and cost allocation
9. Compliance with Laws: Obligations to comply with relevant Philippines laws, regulations, and local ordinances
10. Termination: Grounds for termination, notice requirements, and consequences of termination
11. General Provisions: Standard clauses including governing law, dispute resolution, notices, and entire agreement
1. Insurance: Required when the licensed property needs specific insurance coverage
2. Sublicensing Rights: Include when sublicensing or subletting is permitted under specific conditions
3. Intellectual Property Rights: Required when the license involves trademarks, patents, or other IP rights
4. Utilities and Services: Include when the agreement covers utility responsibilities and additional services
5. Force Majeure: Optional clause for circumstances preventing performance, particularly relevant post-COVID
6. Environmental Compliance: Required for properties where environmental regulations are significant
7. Security and Access: Include when specific security arrangements or access protocols are needed
8. Improvements and Alterations: Required when modifications to the property are contemplated
1. Schedule A - Property Description: Detailed description of the licensed property, including physical characteristics, boundaries, and conditions
2. Schedule B - Payment Schedule: Detailed breakdown of all fees, payment dates, and calculation methods
3. Schedule C - Permitted Uses: Comprehensive list of authorized uses and activities for the licensed property
4. Schedule D - Maintenance Schedule: Detailed maintenance requirements and schedules for both parties
5. Schedule E - Inventory List: List of any furniture, equipment, or other items included in the license rental
6. Appendix 1 - Property Photos/Plans: Visual documentation of the property's condition at commencement
7. Appendix 2 - Required Permits: Copies of relevant permits, licenses, and certifications
8. Appendix 3 - House Rules: If applicable, specific rules and regulations for property use
Authors
Real Estate
Retail
Commercial Property
Industrial
Technology
Manufacturing
Entertainment
Hospitality
Education
Healthcare
Telecommunications
Franchising
Legal
Operations
Facilities Management
Real Estate
Compliance
Finance
Risk Management
Property Management
Business Development
Asset Management
Legal Counsel
Property Manager
Facilities Manager
Operations Director
Commercial Director
Real Estate Manager
Compliance Officer
Business Development Manager
Contract Administrator
Asset Manager
Leasing Manager
Risk Manager
Chief Financial Officer
Property Development Manager
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