The Subprime Lending Crisis: What Does It Mean to the Leasing Industry?
The news is full of stories about the substantial, long-term effects of the subprime mortgage crisis on the mortgage-lending industry. But little has been written about how it will affect other market segments like the leasing industry. There will certainly be spillover, although it won't be as dramatic. This article explores what the leasing industry should be looking for, and doing, in response to this crisis.
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Equitable Paternity
Recently, the New York State Court of Appeals equitably estopped a man from denying paternity in order to protect the child's best interests. The man had no biological link to the child, but was deceived by his paramour into thinking that he was the father. <i>Matter of Shondel J. v. Mark D.</i>. The impact this ruling could have on same-sex couples and the children of their unions is potentially significant ' not just for couples in New York, but for same-sex couples in all states that value the best interests of the children of those unions.
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The Time Is Now for Mobile Time Entry
Very few firms, even in the legal market ' the industry that pioneered the enterprise use of mobile devices ' have deployed additional applications to their mobile users. According to ILTA's 2006 Technology Survey ' Aggregate Answers from 'Large' and 'Very Large' firms, aggregate usage of PDAs at large firms is pegged at 74%, yet only 5% of those firms offer any of their users a mobile version of one of any lawyer's core applications, time entry.
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Counsel Concerns
Inside information on what's happening in the industry.
Negotiating Tips for Mobile-Game Developmental Deals
Part One discussed mobile-game players, the industry playing field, content ownership issues and developer credits. Licensing Celebrities and Brands Just like its more traditional console and PC counterparts, the mobile-game industry has its fair share of celebrity and brand-name licenses. The correct celebrity association can make or break a game, and even a boring game might gain some level of success just because of its association with a particularly famous person or brand. In 2006, Hands-On…
Movers & Shakers
News about lawyers and law firms in the commercial leasing industry.
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Leasing Covenant Loopholes
Protecting the success of its business is of prime concern to any retailer client in the course of shopping center lease negotiations. A protection commonly found in leases is an exclusive use right granting a tenant either the exclusive right to sell a particular product in a center or the exclusive right to operate a particular business. An exclusive right in a lease is violated any time an occupant of the shopping center fails to comply with its restrictive terms. As such, it places a burden on the landlord to administer and police a tenant's exclusive throughout the term of the lease. Landlords have, therefore, started to move away from granting exclusive rights to giving leasing covenants ' a provision intended to give a retailer the protection for its use while removing the administrative burden from the landlord in enforcing exclusives. However, is the retailer really getting the benefit of protecting its use from future tenants? Below are some considerations to keep in mind when drafting a leasing covenant for a tenant.
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