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1. Parties: Identifies and provides full details of the licensor and licensee, including registration numbers for companies or identification details for individuals
2. Background: Explains the context of the agreement and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement to ensure clarity and prevent misinterpretation
4. Grant of License: Specifies the exact nature of the license being granted, including any limitations on use
5. Duration: States the term of the license, including start date and end date or periodic renewal terms
6. License Fee: Details the amount, payment schedule, and method of payment for the license
7. Security Deposit: Specifies the amount, terms, and conditions for return of the security deposit
8. Permitted Use: Clearly defines how the licensee may use the premises and any restrictions
9. Maintenance and Repairs: Outlines responsibilities for maintaining and repairing the premises
10. Utilities and Services: Specifies responsibility for utility payments and service arrangements
11. Licensee's Obligations: Lists all duties and responsibilities of the licensee
12. Licensor's Obligations: Lists all duties and responsibilities of the licensor
13. Termination: Specifies circumstances under which either party may terminate the agreement
14. Governing Law: Confirms that Nigerian law governs the agreement and specifies applicable state laws
1. Insurance: Required when either party needs to maintain specific insurance coverage
2. Alterations and Improvements: Include when the licensee may need to make changes to the premises
3. Assignment and Sublicensing: Include if the licensee may need to transfer rights or sublicense
4. Force Majeure: Include to address unforeseen circumstances preventing performance
5. Environmental Compliance: Required for properties in environmentally sensitive areas or with specific environmental requirements
6. Security and Access: Include for properties requiring specific security arrangements or access protocols
7. Quiet Enjoyment: Include when the licensee requires specific assurances about peaceful use
8. Dispute Resolution: Include when parties want to specify alternative dispute resolution methods
1. Schedule 1 - Property Description: Detailed description of the licensed premises, including floor plans and boundaries
2. Schedule 2 - Inventory: List of furniture, fixtures, and equipment included in the license
3. Schedule 3 - Service Charges: Breakdown of any additional service charges and their calculation
4. Schedule 4 - House Rules: Specific rules and regulations for use of the premises
5. Schedule 5 - Condition Report: Detailed report on the condition of the premises at commencement
6. Appendix A - Required Licenses and Permits: Copies of necessary governmental or regulatory permits
7. Appendix B - Insurance Requirements: Detailed insurance specifications if required
Applicable Laws
Business Day
Commencement Date
Common Areas
Condition Report
Default Interest Rate
Expiry Date
Force Majeure Event
House Rules
Initial Term
License Fee
Licensed Area
Licensee
Licensor
Outgoings
Permitted Use
Premises
Property
Renewal Period
Security Deposit
Service Charges
Term
Utilities
Working Hours
Inventory
Fixtures and Fittings
Notice
Occupation Date
Payment Date
Relevant Authority
Schedule of Condition
State
Stamp Duty
Termination Date
Insurance Requirements
Maintenance Obligations
Operating Expenses
Registration Requirements
Governing Law
Duration and Term
License Fee
Payment Terms
Security Deposit
Permitted Use
Property Access
Utilities and Services
Maintenance and Repairs
Alterations and Improvements
Insurance
Compliance with Laws
Assignment and Sublicensing
Quiet Enjoyment
Force Majeure
Termination
Default and Remedies
Notices
Governing Law
Dispute Resolution
Liability and Indemnification
Health and Safety
Environmental Compliance
Registration and Stamp Duty
Representation and Warranties
Security and Access Control
Service Charges
Common Areas
Inspection Rights
Return of Property
Entire Agreement
Severability
Waiver
Amendment
Costs and Expenses
Real Estate
Commercial Property
Retail
Office Space
Industrial
Residential Property
Hospitality
Co-working Spaces
Educational Facilities
Healthcare Facilities
Legal
Real Estate
Facilities Management
Operations
Property Management
Risk and Compliance
Administrative Services
Asset Management
Contract Management
Corporate Services
Property Manager
Real Estate Manager
Facilities Manager
Legal Counsel
Real Estate Agent
Property Administrator
Operations Manager
Asset Manager
Leasing Manager
Contract Administrator
Real Estate Director
Company Secretary
Risk Manager
Compliance Officer
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