Legal Real Estate License

LEGAL REAL ESTATE LICENSE AGREEMENT

This Real Estate License Agreement ("Agreement") is made and entered into as of by and between Licensor Name: , with primary address: , and Licensee Name: , with primary address: .

RECITALS

WHEREAS, Licensor is the lawful owner or authorized agent of certain real property and related improvements described herein, and holds the right to grant limited licenses for use of the property for real estate brokerage and related activities; and

WHEREAS, Licensee desires a non-exclusive license to use the Premises for the purposes and subject to the limitations set forth in this Agreement, and Licensor is willing to grant such a license under the terms and conditions below.

WHEREAS, the parties intend by this Agreement to set forth their entire agreement with respect to the license granted herein.

NOW, THEREFORE

In consideration of the mutual covenants and promises contained in this Agreement, the parties agree as follows:

1. GRANT OF LICENSE

1.1 Grant. Subject to the terms and conditions of this Agreement, Licensor hereby grants to Licensee a limited, revocable, non-exclusive exclusive license to use the property described as: (the "Premises") solely for the purpose of conducting real estate brokerage activities, open houses, and showings as permitted in this Agreement.

1.2 Limitations. Licensee shall not use the Premises for any unlawful purpose, for residential occupancy, or for storage of hazardous materials. Licensee's rights are limited to those expressly granted herein and do not convey any estate, leasehold, or easement.

2. PERMITTED USES AND OPERATIONS

2.1 Permitted Uses. Licensee may use the Premises for activities reasonably necessary to market, show, and otherwise facilitate the sale or leasing of property, including but not limited to client meetings, showings, signage limited to mutually agreed locations, and temporary office functions described in the parties' attached description:

2.2 Hours of Access. Access to the Premises is limited to the days and hours agreed by the parties: . Licensee shall provide advance notice to Licensor for any after-hours access.

3. TERM AND TERMINATION

3.1 Term. The initial term of this Agreement shall commence on and continue until unless earlier terminated in accordance with this Agreement.

3.2 Termination for Convenience. Either party may terminate this Agreement for convenience on not less than days' prior written notice to the other party.

3.3 Termination for Cause. Either party may terminate immediately upon written notice if the other party materially breaches this Agreement and fails to cure such breach within days after receipt of written notice specifying the breach.

4. COMPENSATION

4.1 License Fee. In consideration for the license granted herein, Licensee shall pay Licensor a fee in the amount of $ per , payable within days of invoice.

4.2 Late Payment. Late payments shall accrue interest at the lesser of 1.5% per month or the maximum rate permitted by law, and Licensor may suspend Licensee's privileges after written notice and a day cure period.

5. INSURANCE AND INDEMNITY

5.1 Insurance. Licensee shall maintain commercial general liability insurance with limits not less than $ per occurrence and evidence of such coverage shall be delivered to Licensor upon execution and upon renewal.

5.2 Indemnity. Licensee shall indemnify, defend, and hold harmless Licensor and its officers, agents, and employees from and against any and all claims, liabilities, damages, losses, and expenses (including reasonable attorneys' fees) arising out of Licensee's use of the Premises, except to the extent caused by Licensor's gross negligence or willful misconduct.

6. COMPLIANCE WITH LAW; LICENSEE REPRESENTATIONS

6.1 Compliance. Licensee shall comply with all applicable laws, ordinances, rules, regulations, and licensing requirements governing the activities conducted on the Premises, including but not limited to real estate licensing and consumer protection laws.

6.2 Representations. Licensee represents and warrants that it holds all necessary licenses and consents required to perform the activities contemplated by this Agreement and that all information provided to Licensor is true and accurate.

7. ALTERATIONS; MAINTENANCE; SURRENDER

7.1 Alterations. Licensee shall not make structural alterations to the Premises without Licensor's prior written consent. Any permitted non-structural alterations shall be performed at Licensee's expense and in a good and workmanlike manner.

7.2 Surrender. Upon expiration or termination of this Agreement, Licensee shall surrender the Premises in broom-clean condition, remove its personal property, and repair any damage caused by its removal.

8. DEFAULT; REMEDIES

8.1 Remedies. Upon an uncured default by Licensee, Licensor may exercise any remedy available at law or in equity, including termination of this Agreement, damages, injunctive relief, and recovery of attorney fees and costs reasonably incurred in enforcing its rights.

9. ASSIGNMENT

Licensee shall not assign or sublicense this Agreement or any rights hereunder without Licensor's prior written consent, which consent shall not be unreasonably withheld. Any attempted assignment without consent shall be void and constitute a material breach.

10. CONFIDENTIALITY

Licensee agrees to keep confidential and not disclose proprietary information of Licensor learned in connection with this Agreement, except as required by law or with Licensor's prior written consent. Confidential information does not include information that becomes public through no fault of Licensee.

11. NOTICES

All notices required or permitted under this Agreement shall be in writing and delivered to the addresses below by certified mail, overnight courier, or personal delivery, and shall be effective upon receipt.

12. MISCELLANEOUS

Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the state of , without regard to choice-of-law principles that would result in application of another jurisdiction's laws.

Entire Agreement. This Agreement, including any exhibits and written attachments executed by the parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations, understandings, and agreements.

Severability. If any provision of this Agreement is held to be invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect and shall be construed so as to effectuate the intent of the parties as nearly as possible.

Amendments and Waiver. No amendment, modification, or waiver of any provision of this Agreement shall be effective unless in writing and signed by both parties. No waiver of any breach shall be deemed a waiver of any subsequent breach.

Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.

ACKNOWLEDGMENTS

Each party represents that the person signing this Agreement on its behalf is duly authorized to enter into this Agreement and to bind that party to the terms and conditions contained herein.

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