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Structuring Your 'Event/Food Service' Occupancy Agreement to Service Mixed-use Tenants
Much has been written in connection with retail leases in “mixed-use” projects. Retail, office and living spaces coexist in mixed-use developments ' and such developments are currently one of the hottest concepts in many major metropolitan areas. As the concept evolves and grows, other components have been and are being added, such as entertainment (e.g., theaters, bowling alleys and billiards), hotel, civic and cultural offerings. In addition, these mixed-use developments are being sought out for events by event planners, companies seeking meeting spaces not accommodated within their office space, promotional events, civic meetings and events sponsored by arts and cultural organizations.
There is an opportunity to enhance mixed-use projects by developing “event space” to accommodate these needs. Several options are available to structure an occupancy arrangement for these events. This article briefly discusses some of the options available, and items you may want to include in your transaction.
1. The Lease
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
The Anti-Assignment Override Provisions
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?