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 !!!