Making franchisee agreement without endangering tenancy rights
17-Feb-2023 (In Documentation Law)
i have a shop on rent in new delhi which i want to give to another party without endangering my tenancy rights so i want a frnachise agreement to safe guard my rights.
Hello,
I am assuming that you do not want to run your own business activity in the rented commercial space and have a profit sharing relation with another person. If that is the case then you can enter into a profit sharing scheme with another party where the management and day to day activities are carried on by another party and you share a mutually decided profit. In order to check if a franchise agreement endangers your tenancy rights or not, we must look into your lease agreement first.
I am assuming that you do not want to run your own business activity in the rented commercial space and have a profit sharing relation with another person. If that is the case then you can enter into a profit sharing scheme with another party where the management and day to day activities are carried on by another party and you share a mutually decided profit. In order to check if a franchise agreement endangers your tenancy rights or not, we must look into your lease agreement first.
The contents of the agreement depends on how your lease agreement is worded. I will have to have a look at the document then give my opinion on it. Please share the agreement got any further clarification or opinion.
The terms and conditions of your original lease deed should have a provision for allowing you to sub-let the property to a third person. Kindly share more details pertaining to your lease deed so that a proper advise be given.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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