Fill and Sign the License Property Form

General Form of License Agreement Regarding Right to use Real Property Agreement made on the ___ day of _________________, 20____, between ____________________________________ (Licensor) of ______________________ ___________________________________________________________ (street address, city, county, state, zip code) , referred to herein as Licensor, and ____________________ __________________________________ (Licensee), a corporation organized and existing under the laws of the state of ___________________________________, with its principal office located at ________________________________________________ _________________________________________ (street address, city, county, state, zip code) , referred to herein as Licensee. For and in consideration of the mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: I. Grant of License and Description of Premises Licensor grants to Licensee a license to occupy and use, subject to all of the terms and conditions of this Agreement, the following described property located in _____________________________________________________ (County & State) , said property being hereafter referred to as Property and being more particularly described as follows: (insert legal description) _______________________________________________________________________ _______________________________________________________________________ _______________________________________________________________________ ___ II. Described Purpose and Limitation The Property may be occupied and used by Licensee solely for _______________ ________________________________________________________________________ ____________________________________________________ (state primary purpose) and for incidental purposes related to such purpose during the period beginning _____________________________________________ ( date) , and continuing until this Agreement is terminated as provided in this Agreement. III. Periodic Payments Licensee shall pay Licensor for this License $______________ per ___________________ (e.g., month) payable in advance. The first payment shall be made on the date of the beginning of the period specified above. Subsequent payments shall be made in advance promptly on the ______________________________________ ____________________________________________ (e.g., the first day of each month) thereafter during the continuation of this Agreement. IV. Variable Payments In addition to making the payments provided for in Section III of this Agreement, Licensee shall make payments based on the extent of utilization of the above-described property. Such payments shall be at the rate of __________________________________ ______________________________________________________________ (describe). The first payment under this provision shall cover the period from and including __________________________ (date) , to and including __________________________ (date) , and shall be due and payable on __________________________________ (date) . Subsequent payments shall cover intervals after _________________________________ (date) , and each such payment shall be due and payable days after the expiration of the interval to which it is applicable. All payments shall be supported by appropriate statements certified by Licensee. V. Termination A. Either party may terminate this Agreement at any time, without regard to payment periods by giving written notice to the other, specifying the date of termination, such notice to be given not less than days prior to the date specified in such notice for the date of termination. B. Should the above-described property, or any essential part of such property, be totally destroyed by fire or other casualty, this Agreement shall immediately terminate; and, in the case of partial destruction, this Agreement may be terminated by either party by giving written notice to the other, specifying the date of termination, such notice to be given within ______days following such partial destruction and not less than ____days prior to the termination date specified in such notice. C. If Licensee shall make an assignment for the benefit of creditors, or be placed in receivership or adjudicated a bankrupt, or take advantage of any bankruptcy or insolvency law, Licensor may terminate this Agreement by giving written notice to the Licensee, specifying the date of termination, such notice to be given not less than ________days prior to the date specified in such notice for the date of termination. VI. Apportionment of Payments on Termination A. On any termination of this Agreement, Licensor shall apportion, on a ______________-day basis, the _________________________ (e.g., monthly) fee paid in advance from and including the first day of the ____________________ (e.g., month) during which the Agreement is terminated to and including the day on which the Agreement is terminated, and the Licensor shall refund to the Licensee the unearned portion of such fee; provided, however, that no refund shall be in an amount less than $_________________. B. On any termination of this Agreement, Licensee, shall quit the above- described Property, and shall remove from such Property all property installed in, on, or attached to the above-described Property. C. Any termination of this Agreement, howsoever caused, shall be entirely without prejudice to the rights of Licensor that have accrued under this Agreement prior to the date of such termination. VII. No Waiver The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred. VIII. Governing Law This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of _________________________. IX. Mandatory Arbitration Notwithstanding the foregoing, and anything herein to the contrary, any dispute under this Agreement shall be required to be resolved by binding arbitration of the parties hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute. The arbitration shall be governed by the rules of the American Arbitration Association then in force and effect. X. Entire Agreement This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement. XI. Modification of Agreement Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party. XII. Assignment of Rights The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party. XIII. Counterparts This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same instrument. WITNESS our signatures as of the day and date first above stated. ____________________________________ LICENESEE __________________________________ By_________________________________ LICENSOR (Name and Office in Corporation)