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Licence Agreement Property
I need a Licence Agreement Property for a retail space in Dubai Mall, where my company will operate a luxury clothing store starting March 1, 2025, with specific requirements for store fit-out and operating hours during Ramadan.
1. Parties: Identification of the Licensor and Licensee with full legal names and addresses as per UAE requirements
2. Background: Context of the agreement, property details, and confirmation of Licensor's ownership rights
3. Definitions: Key terms including Property, Licensed Areas, Permitted Use, License Fee, and Term
4. Grant of License: Scope of the license, specific rights granted, and any restrictions
5. Term and Renewal: Duration of the license and any renewal provisions
6. License Fee and Payment Terms: Fee structure, payment schedule, and method of payment
7. Use of Property: Permitted uses, restrictions, and compliance requirements
8. Licensee Obligations: Maintenance, utilities, conduct, and compliance responsibilities
9. Licensor Obligations: Access, maintenance of common areas, and other licensor responsibilities
10. Insurance and Liability: Required insurance coverage and allocation of risks
11. Default and Termination: Events of default, remedies, and termination procedures
12. Handover and Return: Condition requirements for property return upon termination
13. Governing Law and Jurisdiction: UAE law application and jurisdiction provisions
14. Notices: Communication procedures and contact details
15. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Fit-Out Works: Include when licensee is permitted to make modifications to the property
2. Security Deposit: Include when a security deposit is required
3. Service Charges: Include for properties in managed developments with common facilities
4. Sublicensing Rights: Include if sublicensing is permitted (rare in UAE)
5. Operating Hours: Include for commercial properties with specific operating restrictions
6. Environmental Compliance: Include for industrial or specialized commercial properties
7. Competition Restrictions: Include when there are territorial or business restrictions
8. Force Majeure: Include specific UAE force majeure provisions if required
1. Schedule 1 - Property Details: Detailed description of the property including plans and photographs
2. Schedule 2 - Licensed Areas: Specific areas covered by the license, including any common areas
3. Schedule 3 - License Fee Schedule: Detailed breakdown of fees, payment dates, and escalation provisions
4. Schedule 4 - Permitted Use: Detailed description of allowed activities and any restrictions
5. Schedule 5 - Fit-Out Specifications: Technical requirements for any permitted modifications
6. Schedule 6 - Service Levels: Details of any services provided by the licensor
7. Schedule 7 - Building Rules: Specific rules and regulations for the property
8. Appendix A - Required Licenses: List of mandatory licenses and permits required
9. Appendix B - Insurance Requirements: Detailed insurance specifications and minimum coverage
Authors
Applicable Laws
Building
Business Day
Commencement Date
Common Areas
Default Rate
Deposit
Effective Date
Expiry Date
Fit-Out Works
Force Majeure Event
Government Authority
Insurance Requirements
License Fee
Licensed Area
Licensee
Licensor
Maintenance Charges
Master Community
Notice
Operating Hours
Permitted Use
Property
Registration Authority
Renewal Term
Service Charges
Term
Utility Charges
Working Hours
Definitions
Grant of License
Term
License Fee
Payment Terms
Security Deposit
Permitted Use
Property Access
Maintenance
Utilities
Insurance
Liability
Indemnification
Alterations
Assignment
Sublicensing
Compliance
Health and Safety
Environmental
Force Majeure
Default
Termination
Surrender
Notices
Governing Law
Dispute Resolution
Registration
Confidentiality
Entire Agreement
Severability
Amendments
Waiver
Third Party Rights
Counterparts
Real Estate
Retail
Hospitality
Commercial Office Space
Industrial
Healthcare
Education
Entertainment
Logistics
Manufacturing
Food & Beverage
Professional Services
Legal
Real Estate
Operations
Facilities Management
Commercial
Compliance
Finance
Risk Management
Business Development
Property Services
Asset Management
Contract Administration
Property Manager
Real Estate Director
Legal Counsel
Facilities Manager
Commercial Director
Operations Manager
Asset Manager
Compliance Officer
Business Development Manager
Contract Administrator
Real Estate Investment Manager
Property Services Director
Leasing Manager
Risk Manager
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