Acknowledgment of Right to Arrears of Licence Fees Under a Licence (India)
This document serves as a formal acknowledgment of outstanding license fee payments owed by one party to another. It records the specific period for which the arrears are due and references the original license agreement related to a property or asset.
ACKNOWLEDGMENT OF RIGHT TO ARREARS OF LICENCE FEES UNDER A LICENCE
I, ____________________________,
S/o Mr. ____________________,
Resi____________________________________________________
hereby acknowledge that I owe to Mr ________________________________________, Mr.____________________________________,
Resi________________________________________________________________________________ as arrears of licence fees from ____________
to _________
under a Licence dated _____________
in respect of the………………………………..…………….
situated at __________.
Dated:________
(Signed)_____________
Address:____________
[There are several forms in which an acknowledgment may be made by way of a mere receipt or an agreement. Where there is any question relating to any right in immovable property, suitable form may be adapted.]
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About this template
What is this template?
This is a unilateral or bilateral admission of debt specifically for licence fees. It is not a new licence agreement or a waiver of the licensor's right to terminate for breach. It contains specific placeholders for the exact amount of arrears and the period for which they are due.
When should you use it?
Use this when a licensee is behind on payments and both parties want to document the debt without signing a full settlement agreement. Use a Debt Settlement Agreement instead if the parties are compromising on the total amount owed.
What's inside
| Clause | Name | What it does |
|---|---|---|
| Recitals | Identification of License | Identifies the original licence agreement dated [date] and the specific licensed property or rights involved. |
| Clause 1 | Admission of Debt | The Licensee formally admits to owing a specific sum of [amount] in unpaid licence fees as of a certain date. |
| Clause 2 | Payment Commitment | The Licensee agrees to clear the stated arrears within a specific timeframe or according to a set schedule. |
Who it's for
- a licensee in India formally admitting to unpaid fees to avoid immediate legal action
- a licensor requiring a written acknowledgment of debt to restart the limitation period for recovery
How long it runs and how it's signed
Law it's drafted under
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