We have highlighted in the document the areas in yellow that either needs to be completed by the parties or where we think the parties might like to add their own arrangements. The idea of this agreement is to allow the parties the freedom and option to amend, delete or include any additional clauses or information that is relevant to their circumstance. This is an agreement between the Licensor and the Licensee, we are simply giving you with the tools to put it to paper. If you do decide to go ahead and use our document, the parties acknowledge that Sharedspace takes no legal responsibility for any costs, loss or damages incurred as a result of using the agreement. Sharedspace is not a law firm however and is not in the business of giving legal advice so we strongly advise seeking independent legal advice if there is anything in this document that you feel uneasy about or do not understand. Sharedspace want to make the process of sharing commercial spaces as easy as possible, which is why we have put together this agreement.
It may be entered into by a company or by an individual.
OFFICE SPACE SHARING AGREEMENT TEMPLATE LICENSE
This license agreement is for those parties wishing to share a part of a commercial premise with those wishing to use part of that commercial space for their own business purpose.
The Agreement sets out the key terms agreed to between the two parties such as where and what the shared space is, how long the sharing arrangement shall be for, how much it will cost the Licensee and various other rights and obligations that both parties agree to.
The Sharedspace Licence Agreement is designed to put down on paper the arrangement between the party who has decided to share part of their commercial space (this is who we call the ‘Licensor’) and the person who has decided to use part of this space for their business (this is who we call the ‘Licensee’). This ‘how-to’ guide is designed to do give those parties entering into a shared arrangement a brief rundown of what the agreement is all about, how it works and what it means because, let’s face it, there is a lot of legal documents out there that just don’t make any sense at all.