FOOD-COURT STALL AGREEMENT
This Food-Court Stall Agreement (this "Agreement") is made at Chandigarh on 1 April 2026.
BETWEEN
Sunrise Mall Developers Private Limited, an individual, of SCO 214-215, Sector 34-A, Chandigarh 160022, PAN AABCS9876Q, acting through Ravinder Mohan Sethi, Director, authorised by board resolution dated 3 March 2026 (the "Licensor", which expression includes its successors in interest and permitted assigns);
AND
Punjabi Tadka Foods Private Limited, an individual, of Plot No. 22, Industrial Area Phase I, Chandigarh 160002, PAN AAGCP6677S, acting through X, X (the "Licensee", which expression includes its permitted assigns).
The Licensor and the Licensee are each a "Party" and together the "Parties".
RECITALS
A. The Licensor is the owner of the Mall or Building known as Sunrise Mall, situated at Plot No. C-2, Sector 66, S.A.S. Nagar (Mohali) 160066 (the "Mall or Building"), in the State of Punjab, which includes a food court.
B. The Licensor has agreed to permit the Licensee to use, without exclusive possession, the stall described in Schedule I (the "Licensed Space") for the Permitted Use, together with the shared seating described in Schedule I, on the terms of this Agreement.
C. The Parties intend this Agreement to create a licence within the meaning of Section 52 of the Indian Easements Act, 1882, and not a lease, tenancy or other interest in immovable property. Clause 2 states this in operative terms.
NOW THIS AGREEMENT WITNESSES as follows.
- 1. DEFINITIONS
1.1 "Licence Period" means the period of 36 months commencing on 2 April 2026 and ending on 3 April 2026, unless ended earlier under this Agreement.
1.2 "Licence Fee" means the amount payable under clause 5, as escalated or reconciled under that clause.
1.3 "Permitted Use" means: The preparation and retail sale of North Indian vegetarian and non-vegetarian tandoor and curry dishes, for consumption in the shared seating area or as takeaway..
1.4 References to a statute are to that statute as amended or re-enacted, and include a statute as extended to the place where the Mall or Building is situated. Headings do not affect interpretation. The singular includes the plural.
- 2. GRANT OF LICENCE; NO EXCLUSIVE POSSESSION
2.1 The Licensor grants the Licensee a personal, non-exclusive and revocable licence to use the Licensed Space for the Permitted Use, and to use the shared seating on a non-exclusive basis along with the public and every other stall in the food court, during the Licence Period, subject to this Agreement. This Agreement does not create a lease, sub-lease, tenancy or easement, does not transfer possession of the Licensed Space or the shared seating to the Licensee, and does not grant the Licensee any estate or interest in either, or in the Mall or Building.