Sub sub license agreement

Save Share

This query is : Resolved

ARUN KUMAR MAITRA (Querist)

29 May 2012 What is the difference between license agreement and leave & license agreement? Can there be a sub sub license agreement, if the licensor agrees?

C.A A.K.Maitra

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

02 June 2012 License-Where one person grants to another, or to a definite number of other persons, a right to do, or continue to do, in or upon the immovable property of the grantor, something which would, in the absence of such right, be unlawful, and such right does not amount to an easement or an interest in the property, the right is called a license.

Lease- A lease of immoveable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms.

ARUN KUMAR MAITRA

ARUN KUMAR MAITRA (Querist)

02 June 2012 Dear Mr. Verma Ji,

You have explained to me the difference between license and lease agreement, but I wanted to know the difference between license and leave & license agreement.

Regards,

A.K.Maitra

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now