Dear All,
We are a real estate company. In one of our commercial property, the management of parking area have been allotted to a vendor/party on revenue sharing basis e.g. we have made an agreement with the party that they will manage the parking zone and for that they will appoint specific number of people and will pay us a fixed amount on monthly basis.
My question is whether such relation between us and the said party falls under Principal Employer & Contractor relationship and thus comes under the compliance of Contract Act?
Rgds..
DG
We are a real estate company. In one of our commercial property, the management of parking area have been allotted to a vendor/party on revenue sharing basis e.g. we have made an agreement with the party that they will manage the parking zone and for that they will appoint specific number of people and will pay us a fixed amount on monthly basis.
My question is whether such relation between us and the said party falls under Principal Employer & Contractor relationship and thus comes under the compliance of Contract Act?
Rgds..
DG