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The Use of 'Use' Clauses in Restaurant Leases
As an aspiring restaurateur franchisee, a client might walk through a law firm's doors for the first time with a decent grasp of how to successfully operate a restaurant, but with no knowledge of real estate matters and absolutely no clue how to address the complexities associated with a restaurant premises lease. Although this article will not attempt to unravel all the mysteries of the world of commercial leases, it will address one important issue that can be problematic for both landlord and restaurant tenant if not thoughtfully addressed within the lease: the “use” clause.
Use clauses are lease provisions that confirm a tenant's rights to conduct specific activities at its leased premises while prescribing limits on such activities. Absent limitations on the tenant's activities, a tenant can do just about anything it wants within its premises, provided the activity is legal. (Hey, legal is good, right?) But can “legal” activity also be harmful to the landlord and other tenants? Unfortunately, it can.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.
Bankruptcy Sales: Finding a Diamond In the Rough
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.