Abstract

Leasing and Licensing of a property entail a transfer of temporary ownership or the transfer of enjoyment for a specific period of time, as per the kind of agreement. The paper talks in detail about the provisions of the various legislations in India with respect to leasing and licensing and a detailed analysis of the key differences and similarities between the two. The analysis has been made through an extensive analysis of the case Tata Teleservices Ltd. v. State of Uttar Pradesh & Ors, which primarily deals with this difference and the implications in a situation where one of mistaken for the other and respectively the stamp duty paid has a huge deferral. Further, the applicability of such differences in other cases has also been discussed within the text, and the decision given by the courts in those cases have also been compared to establish key factors which might help distinguish the two provisions. The case under analysis is an example, where amongst the various methods of transfer of right available, lack of clear distinction led to conflict in the agreement resulting in not only the violation of The Transfer of Property Act and Easement Act, but also the Indian Stamps Act.

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