Agreement for using licence of petrol pump


CS + IPR + Teaching

Dear All,

Can anyone provide me a draft / sample agreement / MoU for using a License for Petrol Pump?

Mr. A holds a License of Petrol Pump but is not capable of actually starting & running a Petrol Pump and earn.

Mr. B has the capability to start & run a Petrol Pump but does not holds a license to do so.

So, Mr. B will use license of Mr. A and will set up and run the Petrol Pump. For this, Mr. B will pay some % of net profit of the pump to Mr. A.

Is this legal in India?

Thanks in Advance !!!

 
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The type of constitution you are talking about is not suppoted by any oil company. If in case B wanted to join B and run the pump A can be madee as a partner ( i shall provide all assistance) and then run the show or else A will not have a right and B`s licence can be cancelled by oil company if they get to know of the understanding between A and B. Its better to hold a share and then do it
 
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