Breach contract, compensate: Consequences of lock-in clause

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A lock-in clause brings certainty in the licensing business regarding the intention of the parties about the time-frame within which they want to keep the deal. If the licensee is renting the place for commercial purposes, he/she has to invest in the said place to use it as business space or office. There is no doubt that to find a suitable place for relocation of a business organization is a difficult and costly job. The general trend, therefore, is to keep the lock-in period between three to five years for a licensed premise intended to be established as a business set up.

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