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Mass. Appeals Court Holds That Email to Landlord Constituted 'Effective Notice' to Prevent Automatic Lease Renewal
Despite a provision in a commercial lease that prohibited electronic notice, the Massachusetts Appeals Court sided with a tenant in holding that an email to its landlord constituted effective notice to opt out of an automatic five-year lease extension.
After considering other spaces within its landlord's portfolio, Sourcing Unlimited, Inc., doing business as Jumpsource, opted to close its leased office space with Cummings Properties. In January 2016, Jumpsource's vice president of sales sent an email to Cumming's account manager about the plans to close the store at the end of the contract on Nov. 30, 2016. The account manager acknowledged the message and encouraged the tenant to consult the lease for more information pertaining to extension, renewal, and/or cancellation options, according to the court's opinion filed June 7.
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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.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
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Blockchain Domains: New Developments for Brand Owners
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