BUSINESS CENTRE AGREEMENT
THIS AGREEMENT made at Mumbai on the 1st day of August, 2025. BETWEEN Mr.Adrit Shekhar Gohain adult, Indian Inhabitant, having address at: Level 3, Pinnacle Business Park, Bandra Kurla Complex, Mumbai, Pin no. 400012; hereinafter known as the OWNER which term and expression shall, whenever the context so permits and unless repugnant thereto mean and include his/her/their heirs, executors, administrators and assigns, of the ONE PART AND Mr. Himanshu Parekh adult, Indian Inhabitant, having address at: Flat no. 60, Orion Towers, Bandra, Mumbai, Pin no. 408023.
hereinafter called the CLIENT which term and expression shall, whenever the context so permits and unless repugnant thereto mean and include his/her/their heirs, executors, administrators and assigns, of the OTHER PART, WITNESSETH as under:
WHEREAS, the Owner owns and is conducting the business in the name and style of Mighty Business Centre (hereinafter known as the said Business Centre), for providing business services and facilities to his clients / customers at Premises No. 678885 76681 at Office Suite, Velocity Offices, Bandra, Mumbai, Pin no. 402302 owned by him/her/them and hereinafter referred to as the ‘said premises’.
AND WHEREAS the Client has approached the OWNER for availing of the services and facilities provided by the OWNER at the said premises, namely : accommodation, Telephone, Fax, Electricity, water etc. for a period of eleven months from 17th January 2025 to 9th October 2026 and the OWNER is agreeable to give the services and facilities available at the said premises for a period of twenty-two months but only upon the CLIENT guaranteeing and assuring the OWNER that the said services and facilities are required by him/her/them (Client) for use / occupation only as temporary facility, and hence the OWNER has agreed to the proposal of the CLIENT on the terms and conditions hereinafter appearing.
NOW THEREFORE, these presents witnesseth, and it is agreed by and between the parties hereto as follows:
1. The OWNER hereby agrees to give the CLIENT the services and facilities for the use and occupation of the half of the said premises for conducting the business of Telecommunication for a period of 22 months from 17th January 2025 to 9th October 2026 on a monthly charges / compensation of Rs.1,70,000/- (Rupees One Lakh Seventy-Thousand only). Depending upon the satisfactory conduct of the CLIENT, and by mutual consent, the agreement may be renewed on the same terms and conditions but subject to the increase of 10% in the monthly charges / compensation.
2. The CLIENT shall be entitled to make use of the half portion only of the said Premises on monthly charges of Rs. 65,000/- (Rupees Sixty-Five only). The monthly charges / compensation shall be payable by the Client to the Owner in advance by the 5th of each month.
3. The timing of the Business Centre shall be from 9.00 a.m. to 9.00 p.m. on all working days of the week. The OWNER shall be responsible for opening the Business Centre in time and closing the same at the hour mentioned above, However, for facilitating the functioning of this arrangement and to avoid inconvenience to the CLINET, the OWNER will give or provide Duplicate key / set of keys to the CLIENT. It is clarified that the CLIENT shall not be entitled to demand the duplicate keys as a matter of right.
4. The CLIENT shall keep with the Owner an interest – free deposit of Rs.30,000/- (Rupees Thirty-Thousand only) towards the Electricity water and Telephone and Fax charges / compensation and for due payment of the actual Bills raised for electricity, water, Telephone, Fax charges / compensation and other services provided AND for assuring the due performance and observance of the terms and conditions of this agreement. The said deposit shall be refunded by the OWNER to the CLIENT on the expiry / termination / determination of this Agreement after adjusting the amount, if any, found payable by the CLIENT to the OWNER, simultaneously upon the CLIENT handing over vacant and peaceful possession of the said premises to the OWNER.
5. The CLIENT agrees to pay the monthly electricity water bills, telephone, fax and computer use charges / compensation promptly and in time and in event of the non-payment / delayed payment of the bills raised, the OWNER shall be at liberty to discontinue these facilities.
6. If the CLIENT requires any other facilities and the OWNER considers the same necessary for the purposes of running the Business Centre, the same will be provided at extra cost which the CLIENT agrees to pay.
7. The CLIENT shall be liable for sales-tax / income-tax and any such taxes and levies in respect of his business and if any such taxes directly affect the interests of the Business Centre and/or the OWNER, the CLIENT shall bear all the extra charges.
8. The CLIENT agrees :
a) To keep the interior of the said premises in good condition during the period of this Agreement and to be responsible for the ordinary routine maintenance of the half portion of the said premises given to him. The CLIENT shall use the said premises with due care and caution and upon the expiry of earlier termination / determination of this agreement the CLIENT shall handover the same in as good condition as it is on the date hereof and give compensation to the OWNER for any damage done.
b) Not to make, without the previous permission in writing of the OWNER, any material additions / alterations in the said Premises, Any immovable fixture / fittings additions / structures placed in or upon or attached to the said premises by the CLIENT with the permission of the OWNER shall not be removed on the expiry / termination of this agreement and the same shall become the property of the OWNER.
c) Not to assign, transfer, sub-let or part with the occupation / use of the said premises or any part thereof at any time during the continuance / renewal of the agreement or upon the termination of this Agreement.
d) Not to use the said premises for any purpose other than for conducting the business of Telecommunications and not to use the said premises for any illegal, improper, prohibited or immoral purpose. The CLIENT agrees and undertakes to indemnify and keep indemnified the OWNER against all claims, actions, prosecution arising or consequent upon his/her/their business / activities carried in the said premises.
e) Not to create any inconvenience, annoyance or nuisance for the members of the Society / Neighbouring shops. The CLIENT agrees to indemnify and keep indemnified the OWNER against all actions, costs, claims suits, cases, penalties etc. that may be filed / imposed / made by any authority / aggrieved person, the Society or any member of the Society in consequences of any nuisance created or annoyance caused by the CLIENT or any of his / her / their staff / servant etc.
f) Not to bring, keep, store or use any hazardous contraband, explosive, inflammable or obnoxious or otherwise prohibited material. The CLIENT shall be entitled to bring into the said Premises only office records, office equipment, documents and products for sale / service.
g) Not to allow or give the benefit of use and occupation of the said premises to any other person or sister group, company or concern. The use and occupation of the said premises is restricted to the benefit of the CLIENT only.
9. Upon this agreement coming to an end on its due date or by earlier termination / determination, the CLIENT agrees and undertakes not to enter upon the said premises or part thereof and any papers, files, equipment goods, etc. belonging to the CLIENT and lying in the said Premises beyond the said date, shall be liable to be removed by the OWNER at the cost and risk of the CLIENT. The CLIENT shall also be liable to pay charges / compensation for the period of unauthorised use and occupation of the said premises as provided hereinunder.
10. In the event of the CLIENT committing default in the payment of charges / compensation under this Agreement for two months or any breach of the terms and conditions contained herein, this Agreement shall be deemed to have been revoked / terminated and determined by the OWNER. Upon the termination of this Agreement the CLIENT, shall cease to have any right to enter and/or make use of and occupy the said premises after 15 days of the receipt of intimation from the OWNER of the default or breach of the terms and conditions of this Agreement.
11. Notwithstanding anything contained in this Agreement, each of the parties shall always be entitled to terminate this Agreement by giving one month’s notice in writing to the other party. The CLIENT may at this discretion pay one month’s charges / compensation in lieu of the notice.
12. The OWNER shall not be responsible or liable for any theft, loss, damage or destruction of any property of the CLIENT or any servant etc. of the CLIENT or any other person in the said premises nor for any bodily injury to any person in the said premises by rain, fire, flood, earth-quake, leakage, bursting of any pipe, appliance or machinery or form any cause whatsoever.
13. If the said Premises is rendered unfit for use on account of fire, earthquake, war, civil commotion or natural calamity or cause beyond the control of the OWNER, this Agreement shall stand terminated forthwith.
14. In case of any damage or destruction caused to the property of the OWNER or any members of the Society or the Society, due to the direct negligence of the CLIENT or his servants in the said premises, the CLIENT shall be liable to make good forthwith any damage caused.
15. The Owner shall continue to be in exclusive legal possession and in full charge and control of the said premises at all times and it is the express, real and true intention of the parties hereto that this Agreement shall be a mere permission granted to the CLIENT by the OWNER for temporary use and occupation of the said Premises and notwithstanding anything contained in any act, there is no intention to create a sub-tenancy or licence / lease of the said premises in favour of the CLIENT and the CLIENT shall not be entitled to claim sub-tenancy right or other interest in the said premises and that it is on the faith of the expressed assurances and representations of the CLIENT and believing the same to be true, that the OWNER has, in good faith, entered into this Agreement with the CLIENT.
16. This Agreement does not, in any way, create any right of tenancy / sub-tenancy / licence / lease or any other right of whatsoever nature except that of temporary use and occupation of the said premises by the CLIENT for a period of eleven months.
17. On the expiry of the Agreement period or the termination of this Agreement under its provisions, the client shall leave the said premises without any hindrance, obstacles or objections whatsoever. In case the client persists in entering the said premises to make use of and occupy the same, the owner shall be entitled to prevent the CLIENT’s staff / his/her/their servants and others from entering upon the said premises.
18. Upon the expiry, termination or determination of this Agreement and the OWNER refunding to the CLIENT the Security deposit after deduction of the amounts due to the OWNER under the provisions of this Agreement, the CLIENT shall be bound to quit, vacate and handover peaceful possession of the said premises to the OWNER. In case the CLIENT fails to handover vacant and peaceful possession of the said premises as per the provisions of this Agreement, he/she/they shall, without prejudice to the other rights and remedies Rs. 20,000 of the OWNER, pay (Rupees Twenty-Thousand only) per day for every day of default of unauthorised use and occupation of the said premises, to the OWNER.
19. Notwithstanding anything herein contained, in the event of the CLIENT committing any breach of the terms and conditions herein and the OWNER terminating this agreement, then and in that event, the period of this agreement shall be deemed to have expired and the OWNER shall be entitled to seek the appropriate legal ready to secure his/her/their rights under this Agreement.
20. It is expressly agreed that if, before the expiry of the period of this Agreement, any amendments or modifications are made to any act or any amendment is passed by the Appropriate legislature affecting the rights of the OWNER then and in that event, notwithstanding anything contained in that legislation, this Agreement shall be deem4d to have expired on the day prior to the day of coming into effect of that amendment / Legislation.
21. The Office/s in the said premises shall be in control and charge of the security and Reception personnel of the OWNER who shall keep the office/s open the make available to the client the half portion of the said premises and other services and facilities; provided however that the security, the reception and the OWNER carried no risk in that behalf and shall not also be liable / responsible for errors, omissions and neglect of its staff and security.
22. The juridical and physical possession and the control of the Business centre shall always remain with the OWNER who shall, however, provide proper access for the Client to the said premises at all reasonable times during the working days.
23. It is expressly agreed between the parties that the said premises shall not form an asset of the CLIENT and he shall not have right to pledge, hypothecate or mortgage or create any third party interest in respect of the same.
24. The CLIENT shall give at least one month’s notice of his/her/their intention to seek renewal of the agreement between its expiry.
25. The CLIENT shall conduct the business from the said premises in accordance with the rules and regulations of the greater Mumbai Municipal Corporation or any other law for the time being in force / applicable to the said business and the CLIENT shall be liable to bear the entire responsibility under the said rules and regulations etc. The CLIENT shall be responsible for all the taxes, charges, dues, levies etc. payable in respect of his / her / their business and the OWNER shall not be responsible for the same under any circumstances.
26. Any Notice or intimation required to be served upon the CLIENT shall be deemed to have been adequately and properly served upon the CLIENT if sent on the address of the CLIENT given in the opening para of this Agreement or at the said Premises.
27. Apart from the terms and conditions mentioned above, nothing shall be deemed or construed to have been agreed to by either party unless reduced in writing and signed / initialled by both the parties.
IN WITNESS WHEREOF THE PARTIES hereto have hereunto set and subscribed their respective hands and seals the day and the year first hereinabove written.
SIGNED SEALED AND DELIVERED by
the within named OWNER
Mr. Adrit Shekhar Gohain
In the Presence of …………….
1. Mr. Hemanta Shekhar Gohain
Address- Nalin K. Towers, Flat no. 21, Bandra, Pin no. 400560
Signature-….
2. Mr. Kartikey Mohanty
Address- House no. 34, Mohanty House, Tani Road, Bandra, Pin no. 403480
Signature-…..
SIGNED SEALED AND DELIVERED by
the within named CLIENT
Mr. Himanshu Parekh
In the Presence of ……………..
1. Mr. Biren Khanak
Address- Flat no. 5, Guru Gobind Road, Bhubaneswar, Pin no. 780923
Signature-…
2. Mr. Anikait Manjhi
Address- House no. 45, Cuttack, Bhubaneswar, Pin no. 730991
Signature-…….
R E C E I P T
RECEIVED with thanks from __________________Mr. Himanshu Parekh_____________ __________________ the CLIENT a sum of Rs. 1,00,000/- (Rupees One Lakh only) on account of interest free security deposit for grant of use of the party of the Business centre at Premises no. ______678885___ at ________ _____________________Bandra Kulra Complex, ____ as mentioned hereto before in
Mumbai.
I SAY RECEIVED
Date: 1st August 2025.
………Adrit Shekhar Gohain……….
Owner
WITNESSES :
1.Name-Nilanjan Shreedhar
Address- Park Avenue Heights, Flat no. 6, Mumbai
Contact-……XXXXX 67854
2.Name- Kritan Soni
Address- Flat no. 9, Hriday Heights, Goenka Road , Mumbai
Contact-….XXXXX 67535
From: _________17 january 2025________________________ To, Date: __________________9 october 2026_ ______________________________ BUSINESS CENTRE, Ref: Handing over the possession of the premises used by us in your
business centre located at: _ Mighty Business Centre ,__ Premises No. 678885 76681 at Office Suite, Velocity Offices, Bandra, Mumbai, Pin no. 402302 ______________________________ _________________________________________________________ _________________________________________________________ __________________________________.
Sir,
You had been kind enough to allow us the use of the above said business premises on business centre basis as a member vide our Agreement dated:
_________1st August___________________2025 , executed in this respected
Since we have made alternative arrangements for our business, we confirm having handed over the possession of the said portion back to you.
Hereafter we have no rights, title and interest in the above said premises.
Thanking you once again,
