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Law firms must produce documents ranging in difficulty from simple memos to complex agreements, as well as disclosure documents and briefs. Firms are often under the highest pressure with demands for both accuracy and turnaround. As a result, it is imperative that they produce well-formatted documents quickly and efficiently.
The new Federal Rules of Civil Procedure ("FRCP") and other compliance and legal requirements imposed by government-induced regulations are causing companies to re-think and re-engineer existing support systems as they strive to manage documentation trails.
Highlights of the latest commercial leasing cases from around the country.
Part One of this series described six considerations to address in a work letter where the landlord performs the work at its own expense. The conclusion addresses work letters in which the work is done at the tenant's expense by either the landlord or the tenant.
Most real estate transactions involve not only a lease or purchase of property, but construction and/or development of the property as well. Transactions commonly require the participation of several people, forming a team of experts, to bring the transaction successfully from concept to fruition. Team members may include the real estate broker (or in-house real estate manager), construction manager, architect, site development manager, civil engineer, surveyor, land use/entitlement attorney, environmental attorney, title company, and real estate attorney, as well as paralegals. The entire team needs a central point for the coordination and dissemination of information coming from each team member's particular area of expertise. The large majority of such information will make its way into the contract being drafted and negotiated by the real estate attorney and necessitates that the real estate attorney take the lead (<i>i.e.</i>, be the quarterback) to coordinate, gather, and disseminate information from and to the team members.
Last year, a Missouri appellate court affirmed a lower court's holding that where a lease prohibited a tenant from assigning its interest in the lease without the landlord's consent, the tenant also could not assign an option to purchase the real property the tenant was leasing from the landlord, without the landlord's consent. That court held that a tenant's rights under an option to purchase were a covenant that ran with the land, and that the tenant could not assign those rights without the landlord's consent because the lease limited assignment of the lease generally. <i>Megargel Willbrand & Co., LLC v. Fampat Limited Partnership</i>, No. ED 86570, 2006WL956963 (Mo. Ct. App. Apr. 11, 2006)
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News about lawyers and law fims in the product liability field.
Features
Highlights of the latest product liability cases from around the country.