Substantively, the trade dress must be both distinctive (i.e., recognizable to consumers as identifying the source of the product or service) and nonfunctional (i.e., not be essential to the use or purpose of, and not affect the cost or quality of, the product or service).
3. Print. 4. Sign. Use our licence to occupy template to put in place a short-term agreement that provides a right to occupy commercial or business property. For residential property use the residential licence agreement which is a variation of this agreement.hen to Use A Licence For Business Premises. This agreement is meant to be a fairly short and simple contract and so is best suited for short term lets. Up to to twelve months ideally, but it can cover a longer period if you want to maintain a flexible arrangement with your tenant.
4) If these qualifications are met, the qualified leasehold improvements can be depreciated over 15 years under MACRS GDS Straight Line with Half-Year or Mid Quarter Convention. This is opposed to the normal 39 year recovery period with Straight-Line and Mid-Month Convention.