An IP owner may give another person the right or permission to create, use or sell property or property that embodies ip or is covered by it by a contractual license. A license can apply to any type of IP – trademark, patent, copyright, design and/or know-how. Under license, the donor retains ownership of the IP and the licensee is allowed to use the IP address only in accordance with the terms of the license. A licensing agreement is a document that is exported between two or more parties and proves the terms of such a contractual license. These are the documents on which the Union or the central government collects a stamp duty. In addition, national governments may also impose taxes on certain documents. According to a July 2020 report, the Tamil Nadu government should reduce stamp and registration fees for all leases over 12 months. This is one of the conditions set by the World Bank for the financing of the housing sector strengthening programme in Tamil Nadu. Stamp duty refers to a tax on a transaction paid to the state and the tax is levied on the instrument that covers the transaction.
Stamp duty must be paid on licence agreements and the rate of stamp duty payable varies from state to state. Before executing a licensing agreement, it is important to understand whether one can benefit from the performance of the licensing agreement in a given state and the use of lower stamp rates. Licensed parties are free to choose the basis for calculating royalties that correspond to their business requirements. The most common method is the expression of royalties as a percentage of revenue, other methods include: the procedure for the leave register and the license agreement by e-registration, which is explained step by step; Visit the website www.igrmaharashtra.gov.in title “Online Services” and in the link “E-Registration for this purpose. Click on Laave`s e-Recording and License Option “L-L” under the title `Online Service`s` from the site Choose the compatible view to see. Choose the borough where the property is located in the new “entry column,” from which at least one letter in capital letters, a special character and a number, z.B. Esdrr@0987 or 12″ QWRTY, re-enter the password to confirm. DETAIL OF PROPERTY Now enter the property details and click the “SAVE” button after completing the necessary details. The 11-digit token number appears on the right side of the screen. Note: Please note the 11-digit token number on paper.
Pop-up message “Successful Added Property” chose the “Next Part Details” option. DETAIL OF TENANT (licensed) citizen has the category of “licensee and entry details of the licensee of the property (person who has the property on vacation and temporary basic license period) correct entry Aadhaar Card No. (UID) – Mandatory Click the `SAVE` pop-up message button `successful party` when there is more than one holder and then select `holder` option, Repeat the same process, after entry details by each licensee Click “Party Added” DETAIL OF OWNER The citizen has the category of “licensee category and entry details of the licensee of the property licensee (person who rents the property on vacation and the basic license for temporary time) Correct entry Aadhaar Card No. (UID) – Mandatory After entering all the details of the licensee , the user has entered the information relating to the identifiers. For each party that executes the document for identification, two witness-identifiers are required, but they may be in common with other parties. Two control identifiers are required with Aadhaar Card (UDI) which will identify the licensee and the licensee who runs the Leave and License Agreement. WITNESSES CUM IDENTIFIERS Citizen must enter the details of the witness-Cum identifiers, as follows action Click “Add the ID details in the party type.” Choose the part to which the identifiers will be identified In defining all the details of the correct identifier and UDI (Aadhaar Card) number is mandatory, as stated in it.