BPCL Lease Agreement

Hi I would like to have information about the lease clause as well as other important factors of the contract for the setting up of petrol pump of BPCL?

[pawan]

Though the merchant as far as the LOI as said has acquired all the required authorizations/licenses to run a Retail Outlet dealership.

What's more, whereas the Corporation is the —

i) Owner/Lease/Tenant/Licensee of the enduring properties comprising of plot of area: and

ii) Owner/Lease/Tenant/Licensee of the superstructures consequently including the Sales Room: and

iii) Owner of versatile properties of capacity tank(s), pump(s), and air office, all the more completely depicted in the Schedule-I and H hereunder composed (hereinafter all things considered alluded to as the Organization's property).

Presently this understanding observers as takes after:-

Arrangement.

The Corporation therefore delegates the Dealer and the Dealer thusly acknowledges the arrangement a merchant of the Corporation, on important to essential premise, for Petrol/Diesel/Motor Oils/ Oils and such different items as made in the future be determined by the Corporation from time to time (all of which are hereinafter by and large alluded to as "the items") in agreement with the terms and conditions hereunder showing up.

Merchant to go about as key

In all the agreements or engagements went into by the Dealer with the clients available to be purchased or supply of Petrol/Diesel/Motor Oils/Greases and/or different items, the Dealer should act and should dependably be regarded to have gone about as a central and not as a specialist or by virtue of the Enterprise, and the Corporation should not at all be subject in any way in appreciation of such contracts and/or engagements and/or in appreciation of any demonstration or oversight with respect to the Merchant, their hirelings, operators and laborers as to such deal or something else.

The Retail outlet to be Corporation's property

The Corporation both thus consent to concede to the merchant, authorization for the length of this Consent to enter on the Corporation's property said in the Schedule - I and II hereto and to utilize the Corporation's property gave by the Corporation to the sole and restrictive motivation behind putting away, offering and treatment of Petrol/Diesel/Motor Oils/Greases and so forth. The merchant attempts to utilize the Corporation's property solely to carry on the dealership under this assention and not for whatever other reason. Save as previously stated, the merchant should have no privilege on the other hand title or enthusiasm for the Corporation's property and might not be qualified for case any privilege of renter, sub-tenant, occupant or whatever other enthusiasm for the same, it being particularly concurred and pronounced specifically that the merchant might not be regarded to be in selective ownership of the Organization's property. It is comprehended by the merchant that the Corporation's property specified in the Schedule I and II' hereunder composed are open premises inside the significance of the procurements of the Public Premises (Eviction of Unauthorized Occupants) Act, 1971.