Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
It is not an uncommon occurrence that installations need to be made to prepare commercial premises for a tenant's initial occupancy. Ideally, the parties will have a detailed set of plans and specifications prepared by licensed architects and engineers, which can be attached as a lease exhibit. Especially for large construction projects, it is critically important to obtain plans that are as specific as possible to ensure there is no mistake with regard to the work that needs to be done. Even if drawings and site plans are carefully prepared, the amount of litigation related to building installations is staggering.
For a smaller deal, however, the parties may not be able to afford hiring expensive architects and engineers. Nevertheless, the parties may still need to describe, as precisely as they can, the work that needs to be performed. Many owners ' and the lawyers who represent them ' find this to be a daunting task, since they have little or no knowledge relating to building construction matters. To make matters worse, landlords seek to describe the work they are performing (also known as “Landlord's Work” in contract drafting parlance) as vaguely as possible. They want to give themselves as much “wiggle room” as they can to construct improvements as they see fit. For example, if a tenant fails to specify where installations should be placed, a landlord may install them in a manner that will minimize its costs even if such installations make little sense from an operational point of view. Savvy tenants will not let this happen.
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.