SIGNAGE RIGHTS LETTER
This Signage Rights Letter (this "Letter") is made at Chandigarh on 1 April 2026.
BETWEEN
Chadha Commercial Complex Private Limited, an individual, of SCO 11, Sector 8-C, Chandigarh 160009, acting through Ravneet Chadha, Director (the "Landlord");
AND
Chopra Footwear Private Limited, an individual, of Shop No. 3, Ground Floor, SCO 11, Sector 8-C, Chandigarh 160009, acting through Aman Chopra, Director (the "Tenant").
The Landlord and the Tenant are each a "Party" and together the "Parties".
RECITALS
A. The Landlord is the owner of, or is otherwise entitled to let and to authorise signage at, the premises known as Shop No. 3, Ground Floor, SCO 11, Sector 8-C, Chandigarh, situated at Chandigarh, in the State of Punjab (the "Premises").
B. The Tenant occupies the Premises under a Shop Rent Agreement dated 2 January 2026 between the Parties for a term of 3 years commencing 1 February 2026 (the "Tenancy"), and carries on its business from the Premises.
C. The Tenant has asked the Landlord for permission to install signage identifying its business at the Premises, and the Landlord has agreed to grant that permission on the terms of this Letter.
D. The Parties record that this Letter grants the Tenant a licence to install and maintain the signage described below, and does not grant, and is not intended to grant, a lease, tenancy, easement or other interest in the Premises or in the building of which they form part — a distinction clause 9 states at length, because it is what keeps this Letter outside the stamp duty and registration regime that applies to the Tenancy.
NOW THIS LETTER WITNESSES as follows.
- THE SIGNAGE PERMITTED
1.1 Subject to this Letter, the Landlord grants the Tenant a personal, non-exclusive, non-transferable licence to install, display and maintain a shop-front fascia sign identifying the Tenant's business (the "Signage") at the Premises — on the fascia above the main shutter of Shop No. 3, facing the internal market road, centred over the entrance and not extending past the shop's own frontage — for so long as the Tenant is in occupation of the Premises under the Tenancy or until this Letter is earlier terminated under clause 11, whichever happens first.
1.2 The Signage shall not exceed the following size: 10 feet wide by 3 feet high by 9 inches deep. It shall be of the design, materials and colours the Landlord approves under clause 2.
1.3 The Signage may be internally illuminated. Electricity for the illumination shall be drawn from the Premises' own connection and paid for by the Tenant as part of its electricity charges for the Premises, with no separate meter or charge for the Signage.
1.4 The Signage may display the Tenant's registered trade name and logo, in the design approved under clause 2, and nothing else, and no other name, mark, brand, image or matter without the Landlord's prior written consent.
1.5 This licence extends only to the Signage described in this clause 1. It does not permit the Tenant to install any additional or different sign, hoarding, banner, standee or structure at the Premises or elsewhere in the building without the Landlord's separate prior written consent, which the Landlord may give, withhold or make subject to separate terms entirely at its discretion.
- DESIGN APPROVAL
2.1 Before installing the Signage, the Tenant shall submit to the Landlord, for written approval, a design drawing or artwork showing the exact text, colours, materials, dimensions, method of fixing and, where relevant, illumination of the Signage, marked to show its location at the Premises.
2.2 The Landlord shall notify the Tenant of its approval, or of the changes it requires, within 15 days of a complete submission. The Landlord's approval shall not be unreasonably withheld or delayed, but the Landlord may have regard to the appearance and uniformity of the building's facade and the interests of its other occupants. Silence beyond that period is not approval, and the Tenant shall not install the Signage until written approval is actually given.
2.3 The Tenant shall not install, alter, replace or add to the Signage otherwise than strictly in accordance with the design so approved. Any change to the approved design requires a fresh approval under this clause. The Landlord and the Tenant shall each initial and retain a copy of the approved design, which forms part of this Letter.
- INSTALLATION AND COST
3.1 The Tenant shall install the Signage at its own cost, using a competent contractor, without damaging the structure, waterproofing or safety of the building, and in accordance with the applicable fire safety and electrical safety norms.