Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Under Decades-Old Lease Terms, Postal Service Gets Property at Bargain Basement Price
A landowner who has become dissatisfied with the terms of a lease-with-option-to-buy contract is bound to carry through with the sale because the contract is not unconscionable, says the U.S. District Court for the Northern District of Ohio in U.S. Postal Service v. Americo Fisco Revocable Trust, 2016 U.S. Dist. LEXIS 117478 (N.D. Ohio, 8/31/16).
In 1965, the United States leased a property in Willoughby, OH, for an initial term of 20 years, with the option to renew for six five-year periods thereafter. The initial lease also contained a clause authorizing the United States to purchase the fee-simple title to the leased property at the end of the first lease term or at the end of any of the six five-year extension periods. The negotiated price of such purchase was set in the original lease at $300,000, and the United States could exercise the purchase option by giving the lessor at least one year's written notice that it intended to purchase the property.
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
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.
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.
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.
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
As businesses across various industries increasingly adopt blockchain, it will become a critical source of discoverable electronically stored information. The potential benefits of blockchain for e-discovery and data preservation are substantial, making it an area of growing interest and importance.