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Agreements Please feel free to use this sample agreement copy and modify them for your use. BUSINESS CENTRE AGREEMENT - COMMERCIAL This agreement made at Mumbai this _______________ day of the year Two Thousand. BETWEEN M/s. ______________________, represented by MR.__________________
, Mumbai, hereinafter referred to as "The Party of The First
Part", (which expression shall, unless it be repugnant to
the context or meaning thereof, be deemed to mean and include his
heirs,
executors and administrators) of the One Part.
I) The Party of The First Part is carrying on business of providing services in the name and style of M/s. ___________________ in the premises situated at _____________, hereinafter referred as "The Centre" and for that purpose has made the agreement to render business centre facilities to persons/offices/firms who need such facilities for their business temporarily.
1. The Party of The First Part agrees to provide to the party of The Second Part Business Centre facilities for its business premises at _____________________, during the office hours hereinafter mentioned and also to make available other ancillary, office facilities, amenities convenience and services provided herein during the week from Monday to Saturday excluding Sunday's and public holidays.
a] The use of the furniture fixtures, fittings and office equipment's provided at The Centre. b] Two Telephone connections
No.________ to make and receive telephone calls and c] To provide arrangements
for reception, pantry and one toilet in respect to their staff d] To further facilities which the Party of The First Part at it discretion's considers necessary to provide to the Party of the Second Part from time to time. 3. The party of the
Second Part agrees and undertakes : b) To take all reasonable and good care of the said premises and furniture, fixtures and fittings, equipment's, AC, etc. provided therein and not to cause any damage (other than natural wear and tear) therein or to any part thereof. c) To use the said centre only for business purpose and in a lawful manner and in any event not to carry out any immoral or illegal activities / business and to conduct itself decently without causing any disturbances, nuisance or annoyance to others availing the facilities at the said centre. d) Not to carry out any alteration, additions, improvements, repairs or waste at the centre. e) Not to bring or store any banned/hazardous items or things. f) Not to do any act, deed or business whereby the insurance policy taken out by the Party of The First Part in respect of The Centre and its furniture, fixtures & fittings, equipment's, AC, etc., is liable to be rendered void or violable or unenforceable. g) To strictly abide
by the rules and regulations of The Centre as intimates to the party
4. a) The party of the First Part has intimated to the party of the Second Part that at the present the timing of the centre is 9.30 a.m. to 6.30 p.m. from Monday top Saturday (the centre shall remain close on Sundays and certain public holidays under the negotiable Instrument Act). However, as a special case, the party of the First Part shall make available to the party of the Second Part the facilities at the centre from 9.00 a.m. to 7.30 p.m. b) The party of the First Part shall at the requests mad by the party of the Second Part permit the party of the Second Part to use of the facilities at the Centre beyond office hours and holidays provided the party of the First Part has necessary staff available to attend to the centre beyond the office hours and / or holidays at such reasonable extra charges as may be decided by the party of the First Part from time to time. 5. Though the rules of the centre does not permit the fixing of the name plates at the entrance to the centre, as a special case on request of the party of the Second Part, the party of the First Part has permitted the party of the Second Part to affix the small name plate at the entrance of the centre and to use the address of the centre on its letter heads. 6. At the request of the party of the Second Part and as a special case the party of the First Part has agreed to make available the facilities at the centre to the party of the Second Part for a period of three (3) years. The said period of three years shall commence from _________ and expires from ___________. This Agreement shall be extended for future period of three (3) years on such terms and conditions both the parties may jointly decide. 7. a) In consideration
for the service to be rendered by the party of the party of the
First Part to the party of the Second Part, the party of the
Second
Part shall pay to the party of the First Part as and by way of
service charges a sum of Rs. _______/- only ( RUPEES _____only)
per month
(in advance every month) for the first year & a sum of Rs.
_____/- only (RUPEES _____only) per month for the second year b) Electricity charges
for electricity consumed shall be billed by the party of the first
part on actuals and the party of the second part shall reimburse
the same within seven days of the receipt of the bill. Further to
pay such bills in time may result in penalties extra securities
demanded by BSES and reconnection charges which shall be borne by
the party of the second part. The party of the second part has handed
over to the party of the First Part, 36 post dated cheques towards
the monthly service charges. Without Prejudice to the other rights
of the First Part under section 138 of the Negotiable Instruments
Act and c) The party of the Second Part shall pay in advance a sum of Rs.______ (Rupees_____) p.a. as annual membership fee for the Centre by three post dated cheques dated ______, _____ and __________. d) The charges for the use of Telephone and Fax by the party of the Second Part shall be billed on actuals and the party of the Second Part shall pay the same bills within one week of the bills in respect of thereof Failure to pay such bills in Time may result in penalty extra Security Deposit asked by MTNL, reconnection charges etc., which shall be borne by the Party of the Second Part. 8. As security deposit for the due observance and performance of the terms, conditions and obligations herein the party of the Second Part shall deposit with the party of the First Part a sum equivalent to the aggregate of Twelve (12) months service charges. Accordingly, the party of the Second Part shall keep Deposit a sum of Rs._______/- only (Rupees_____ only) as and by way of interest free security deposit. a) On the expiry
of this agreements by efflux of time i.e. three (3) years the
said
Security deposit shall be returned without interest in the following
manner :i) Rs______ (Rupees
________only ) by post dated cheque dated _______ii)
Balance of Rs________ ((Rupees _________________only) within a
period of iii) Party of the Second part will pay further sum of Rs ___________ (Rupees _________only) interest free deposit against such two telephone connections at the time of signing of this agreement . Which will be refunded simultaneously on the termination of this agreement and after clearing their belongings also wharsoever.
10. The party of the First Part shall not be responsible for any loss or damage to the belongings, goods, articles, documents, papers, valuables of the party of the Second part lying at the Centre by reason of theft or for any other reason whatsoever. The party of the Second Part shall bring in and keep its goods, belongings, articles, documents, papers, valuables, at its risk. 11. It is agreed by the party of the Second Part to the party of the First Part that any relaxation or indulgence by the party of the First Part shall not in any case prejudice the rights of the party of the First Part under this agreement and shall not be construed in any way add, alter, amend or vary this agreement or part thereof. 12. In the event of any breach of any provisions of this agreement the party of the First Part shall be entitled to terminate this Agreement by giving Fifteen (15) days notice. 13. On the expiry of this Agreement or sooner determination thereof the party of the Second Part shall remove its belongings if any, from the Business Centre. 14. The party of the
Second Part undertakes to remove all such belongings upto the end
of the last day of the working day in the event of failure on the
party of the Second Part to remove all such belongings for any reason
whatsoever. The party of the First Part shall be entitled to charge
damages / extra service charges at the rate of Rs.____/-( Rupees
____ Only) per day - including of public and bank holidays) shall
have also lien on such belongings till full payment is made to the
satisfaction of The 15. The court in Mumbai
alone will have Jurisdiction in respect of any disputes or differences
arising between the parties. WITNESS WHEREOF parties hereto have
hereunto set and subscribed these SIGNED, SEALED AND DELIVERED )by the withinnamed party of the )Second Part ____________________________ )by the hands of ............................................. ) in the presence of .......................................... )WITNESSED BY _________________________ )
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