A licence to use workspace, granted under section 52 of the Indian Easements Act, 1882. This Agreement does not create a lease, a tenancy, or any estate or interest in immovable property.
This Agreement is made at Mohali, Punjab on 1 April 2026.
BETWEEN
Novo Workspaces Private Limited, a private limited company incorporated under the Companies Act, 2013, bearing registration number U74999KA2018PTC112233, having its registered or principal office at X, GSTIN 29AABCU9603R1ZM (the "Operator", which expression includes its successors and permitted assigns);
AND
Harbourline Analytics LLP, an individual, bearing registration or PAN number X, having its address at X, GSTIN X, contactable at X, acting through its authorised signatory X (the "Member", which expression includes its successors and permitted assigns).
The Operator and the Member are each a "Party" and together the "Parties".
A. The Operator operates a shared serviced workspace known as Novo Works, Indiranagar at X (the "Centre"), at which it provides workspace and associated facilities to a number of users at the same time.
B. The Operator is in possession and control of the whole Centre and manages it as a single serviced facility. It has not agreed, and does not agree by this Agreement, to part with possession of any part of it.
C. The Member wishes to use workspace at the Centre on the terms recorded below, and the Operator is willing to permit that use.
NOW IT IS AGREED AS FOLLOWS:
1.1 This Agreement grants the Member a personal, non-exclusive and non-transferable licence to use the Workspace and the shared facilities of the Centre during the Access Hours. It does not grant a lease, tenancy, sub-tenancy, or any estate or interest in the Centre or any part of it.
1.2 The Operator retains legal possession and control of the whole Centre, including the Workspace. The Operator and its staff may enter any part of the Centre at any time for security, cleaning, maintenance, inspection, safety or statutory compliance. No part of the Centre is delivered into the exclusive possession of the Member.
1.3 The Member acknowledges that it may be relocated within the Centre under Clause 9, that it holds no right to any particular desk, cabin or suite beyond what this Agreement gives it, and that the Parties do not intend rent control or tenancy protection legislation to apply to this arrangement.
1.4 If any provision of this Agreement is capable of being read as creating a tenancy, it shall be read down so as to give effect to Clauses 1.1 and 1.2. The Parties record that the substance of their bargain, and not the label on this document, will determine its character in law, and that they have drafted this Agreement so that the substance and the label agree.