Leave License Agreement Between Me And Licensee For 11 Months And Every 11 Month

Yes, you can include a clause in your godown lease agreement that allows for automatic renewal with specific conditions. Here's what you should consider: Automatic Renewal Clause: State that the agreement will be automatically renewed for successive periods of 11 months each unless either party provides written notice of termination (a specific timeframe) before the end of the current term. Example: "This Agreement shall be automatically renewed for successive terms of eleven (11) months each, unless either party hereto gives written notice to the other party of at least sixty (60) days prior to the expiration of the then-current term, of its intention not to renew this Agreement." Mutual Agreement: While the clause enables automatic renewal, it's important to include a provision for mutual agreement on the continued terms. This allows negotiation on rent or other conditions before renewal. Example: "The parties hereto agree to negotiate the rent and other terms of this Agreement in good faith prior to the commencement of each renewal term." Dispute Resolution: Include a dispute resolution mechanism in the agreement. This could be arbitration or specifying the court with jurisdiction for resolving disagreements. Valid Agreement: An agreement with an automatic renewal clause and other legalities is generally considered a valid contract in India. However, it's always recommended to have a lawyer review the agreement to ensure it complies with local regulations and best practices. Additional Tips: Clearly define the notice period for termination by either party. Specify the process for negotiation of terms during renewal. Consider including a clause for rent escalation during renewal periods, if applicable. By incorporating these elements, you can create a clear and enforceable automatic renewal clause in your godown lease agreement that protects your interests and allows for flexibility in case of mutual agreement. Remember, consulting a lawyer familiar with property law in your area is always recommended to ensure the agreement is legally sound and addresses your specific requirements.

Dear Sir, Such condition of automatic renewal may kindly be removed and get fresh agreement after every 11 months to avoid many complications.

Yes by putting some additional conditions. For further information you can contact. Thanks.