Agreement for using licence of petrol pump

CS Vinita Kulkarni (CS + IPR + Teaching) (143 Points)

15 December 2016  

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 !!!