Indus Towers Legal Manager Interview Questions and Answers

Lease grants exclusive possession of property for a fixed term, while license grants permission to use property for a specific purpose.

• Lease involves transfer of interest in property, while license does not

• Lease typically requires payment of rent, while license may or may not involve payment

• Lease provides more rights and protections to the tenant, while license is more limited in scope

• Lease is usually for a longer term...read more

Major terms and conditions in a contract include parties involved, consideration, offer and acceptance, legal purpose, and mutual agreement.

• Parties involved: Clearly identify the parties entering into the contract.

• Consideration: Both parties must exchange something of value, such as money, goods, or services.

• Offer and acceptance: One party must make an offer and the other party must accept it.

• Legal purpose: The contrac...read more