Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Valco Building and Maintenance Supplies Corp. v. Werweiss & Co, Inc., 2023 WL 2994971, AppDiv, Second Dept. (memorandum opinion)
In commercial tenant's action to recover a security deposit, tenant appealed from Supreme Court's award of damages on landlord's counterclaim for tenant's failure to restore the premises. The Appellate Division modified to reduce the award of damages, but otherwise affirmed, holding that tenant's failure to restore constituted a breach of the lease.
In 2008, the parties entered into a five-year lease of commercial property. Tenant made alterations to the premises, removed offices located within the leased space, and relocated the bathrooms. Before the end of the tenancy landlord's agent demanded that tenant restore the premises to the condition it was in at the outset of the lease. Tenant conducted some restoration but did not replace the offices and bathrooms it had removed. Tenant then brought this action to recover its $100,000 security deposit. Landlord counterclaimed for the amount necessary to restore the premises to its condition at the inception of the lease. After a nonjury trial, Supreme Court awarded landlord $596,894 plus prejudgment interest. Tenant appealed.
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
In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.
During the COVID-19 pandemic, some tenants were able to negotiate termination agreements with their landlords. But even though a landlord may agree to terminate a lease to regain control of a defaulting tenant's space without costly and lengthy litigation, typically a defaulting tenant that otherwise has no contractual right to terminate its lease will be in a much weaker bargaining position with respect to the conditions for termination.
The International Trade Commission is empowered to block the importation into the United States of products that infringe U.S. intellectual property rights, In the past, the ITC generally instituted investigations without questioning the importation allegations in the complaint, however in several recent cases, the ITC declined to institute an investigation as to certain proposed respondents due to inadequate pleading of importation.
Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.
As the relationship between in-house and outside counsel continues to evolve, lawyers must continue to foster a client-first mindset, offer business-focused solutions, and embrace technology that helps deliver work faster and more efficiently.