License Fee Agreement Increase

Summary

To comply with Indian and Maharashtra laws, ensure your license agreement specifies the effective date of the fee increase, includes any applicable taxes, and has a dispute resolution clause, preferably arbitration. Both parties should sign the agreement with witnesses. For precise legal phrasing, consulting a legal professional is recommended.

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re write it is hereby mutually agreed by and between the licensor and the licensee that upon completion of the initial 11 months of the present agreement, the monthly license fee shall stand increased by * percent over the license fee payable during 11 months. the revised license fee shall be payable by the licensee from the commencement of the 12 months upto ending of this agreement mentioned hereinabove.
Here's a revised version of the agreement clause:
"It is mutually agreed between the licensor and licensee that upon completing the initial 11 months of this agreement, the monthly license fee shall increase by *% over the previous fee. The revised fee will be payable by the licensee starting from the 12th month until the agreement's termination."
re write it is hereby mutually agreed by and between the licensor and the licensee that upon completion of the initial 11 months of the present agreement, the monthly license fee shall stand increased by * percent over the license fee payable during 11 months. the revised license fee shall be payable by the licensee from the commencement of the 12 months upto ending of this agreement mentioned hereinabove. more professional lawyers
Here's a more professional version of the agreement clause:
"The licensor and licensee hereby agree that after the initial 11 months of the current agreement, the monthly license fee will increase by *% from the existing fee. The revised fee shall be payable from the 12th month until the termination of this agreement."
"The licensor and licensee hereby agree that after the initial 11 months of the current agreement, the monthly license fee will increase by *% from the existing fee. The revised fee shall be payable from the 12th month until the termination of this agreement." do it final after checking all grammatical mistakes any other laws.
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Here's the final version of the agreement clause, considering grammatical accuracy and general legal standards:
"The licensor and licensee hereby agree that, upon completion of the initial 11 months of the current agreement, the monthly license fee shall increase by *% from the existing fee. The revised fee shall be payable starting from the 12th month until the termination of this agreement."
For full compliance with Indian and Maharashtra laws, ensure the agreement specifies the effective date of the fee increase, any applicable taxes, a dispute resolution clause, and that both parties sign the agreement with witnesses.