What this draft covers
- Parties including an HUF as co-licensor
- Recitals of the registered licence and any notices exchanged
- Mutual termination and handover of possession and keys
- Refund of deposit by demand draft or bank transfer, with receipt
- Confirmation of no dues and no third-party rights
- Withdrawal of notices and bar on further proceedings
When to use it
Use when a licensor and licensee end a leave and licence arrangement early by agreement, especially after a dispute or exchange of legal notices.
Format: Editable Word document (.docx), 4 pages.
Preview
DEED OF SETTLEMENT CUM TERMINATION OF LEAVE AND LICENCE AGREEMENT
This Deed of Settlement cum Termination of Leave and Licence Agreement (the “Deed”) is made at Mumbai on this [●] day of [●], 20[●].
BETWEEN
(1) MR. [●], aged [●] years, PAN [●]; (2) [●] HUF, through its Karta Mr. [●]; and (3) MRS. [●], aged [●] years, PAN [●]; all Indian inhabitants residing at [address] (hereinafter collectively called “the Licensors”, which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include their respective heirs, executors, administrators and assigns), of the One Part;
AND
MR. [●], aged [●] years, Indian inhabitant, PAN [●], residing at [address] (hereinafter called “the Licensee”, which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include his heirs, executors, administrators and assigns), of the Other Part.
WHEREAS
A. The …
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