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License To Use Property Agreement
"I need a License To Use Property Agreement for allowing a tech startup to use the third floor of my commercial building in Toronto for a 12-month period starting March 1, 2025, with specific provisions for installing their IT infrastructure."
1. Parties: Identifies and provides full legal details of the licensor and licensee
2. Background: Explains the context and purpose of the agreement, including brief description of the property and parties' intentions
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Grant of License: Specifies the exact nature and scope of the license being granted, including any territorial limitations
5. Term and Termination: Details the duration of the license and circumstances under which it can be terminated
6. License Fee and Payment Terms: Specifies the amount, payment schedule, and method of payment for the license
7. Permitted Use: Clearly defines how the licensee may use the property and any specific restrictions
8. Licensee's Obligations: Lists all responsibilities and duties of the licensee regarding the property use
9. Licensor's Obligations: Outlines the responsibilities and commitments of the licensor
10. Maintenance and Repairs: Specifies responsibilities for maintaining and repairing the property
11. Insurance and Liability: Details insurance requirements and allocation of risks between parties
12. Default and Remedies: Describes what constitutes default and the available remedies
13. General Provisions: Standard contract clauses including governing law, notices, entire agreement, etc.
1. Sublicensing Rights: Include when the licensee is permitted to sublicense the property to third parties
2. Improvements: Include when the licensee is permitted to make improvements to the property and specifies ownership of such improvements
3. Environmental Obligations: Include for properties where environmental concerns are relevant
4. Security Deposit: Include when a security deposit is required from the licensee
5. Option to Purchase: Include when the licensee is given an option to purchase the property
6. Right of First Refusal: Include when the licensee is granted first right to purchase or license additional rights
7. Intellectual Property Rights: Include when the licensed property includes or involves intellectual property
8. Confidentiality: Include when sensitive information will be shared between parties
9. Force Majeure: Include when parties want specific provisions for handling unforeseen circumstances
10. Dispute Resolution: Include when parties want specific alternative dispute resolution procedures
1. Schedule A - Property Description: Detailed description of the licensed property, including photographs, plans, or drawings
2. Schedule B - Payment Schedule: Detailed breakdown of payment terms, amounts, and dates
3. Schedule C - Permitted Uses: Comprehensive list of allowed uses and specific restrictions
4. Schedule D - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
5. Schedule E - Maintenance Standards: Specific standards and procedures for property maintenance
6. Schedule F - Site Rules and Regulations: Operational rules and regulations governing the use of the property
7. Appendix 1 - Property Condition Report: Initial condition assessment of the property at time of license grant
8. Appendix 2 - Required Permits and Licenses: List of necessary permits and licenses for property use
Authors
Applicable Laws
Business Day
Commencement Date
Common Areas
Confidential Information
Default
Effective Date
Environmental Laws
Events of Default
Expiry Date
Force Majeure
Hazardous Substances
Improvements
Insurance Requirements
License
License Fee
Licensed Area
Licensed Property
Licensee
Licensor
Maintenance Standards
Operating Costs
Permitted Use
Property
Renewal Term
Representatives
Security Deposit
Term
Termination Date
Utilities
Term
Payment
Permitted Use
Property Access
Insurance
Indemnification
Maintenance and Repair
Utilities
Assignment and Sublicensing
Termination
Default
Property Condition
Environmental Compliance
Health and Safety
Confidentiality
Force Majeure
Dispute Resolution
Governing Law
Notices
Entire Agreement
Amendment
Severability
Waiver
Representation and Warranties
Compliance with Laws
Security Deposit
Property Improvements
Liability
Rights and Obligations
Real Estate
Commercial Property
Retail
Education
Healthcare
Industrial
Agriculture
Entertainment
Hospitality
Technology
Manufacturing
Public Sector
Non-Profit
Sports and Recreation
Cultural and Arts
Legal
Real Estate
Facilities Management
Operations
Risk Management
Compliance
Property Administration
Business Development
Corporate Services
Asset Management
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Contract Administrator
Operations Manager
Business Development Manager
Risk Manager
Compliance Officer
Asset Manager
Real Estate Director
Chief Operating Officer
Property Administrator
Leasing Manager
Corporate Services Manager
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