Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
After extensively reviewing or drafting the “substantive” provisions of a lease, it is tempting to overlook the so-called “boilerplate” provisions usually found at the end of the lease. These provisions typically are placed innocuously in the “Miscellaneous” section of a lease, thereby furthering the impression that such provisions are standardized and of little importance. Such boilerplate provisions are not nearly as uniform and standard as one might think, however, and numerous differences can be found in Miscellaneous provisions depending on whether the lease is drafted on behalf of the landlord or the tenant. It is imperative, therefore, that the boilerplate provisions of a lease are carefully reviewed by both parties to ensure that such provisions accurately and completely set forth each party's understanding of the lease terms.
This article provides a brief overview of several boilerplate provisions almost always found in a lease, regardless of whether the drafter represents the landlord or the tenant. The article enumerates several of the substantive differences that can be found in such provisions, and demonstrates the necessity of carefully reviewing such provisions. It then references several provisions that a tenant-oriented form likely would include under the Miscellaneous section, and also references several provisions likely to be included in the Miscellaneous section of a landlord-oriented form. Despite the inclination to gloss over boilerplate language, it is clear that failing to adequately review such language could lead to unintended consequences.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.