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A venue/event space rental agreement whereby the Licensor gives the Licensee a licence to use the event space. This license is drafted in favour of the Licensor.
The Licensor shall grant the Licensee to use the Event Space at the Venue for the Term of Licence (as defined below) and both parties agree to observe and perform the terms and conditions as follows. From a legal perspective, it is more accurate to have a license to occupy instead of a rental agreement for the event space.
The Licensee is required to pay a Deposit and a Licence Fee prior to the date of the event, the licence fee includes fixtures, fittings and equipment, and other items and fees as listed in the Schedule. A Security Deposit is also required in case of any damages to the venue.
This document should be carefully read by the Licensor and Licensee.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid future disputes, both parties may wish to have their signature witnessed.
License Fee, Term of License and rights and liabilities should all be clearly stated in the Rental Agreement.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.