Punk Rock and The Sale of Your e-Business
'Should I stay or should I go?'<br>That was the question that those classic '80s punk rockers The Clash asked in a song by the same title about a romance gone awry. That's just a song, though.<br>But, interestingly enough, that hard-driving ditty is applicable to the world of e-business: The entrepreneur contemplating the future of his or her business ' a love built of the same good times and bad, and with the same blood, sweat and tears as a real-life romance ' confronts the same dilemma when it's time to make that decision: Should he stay or should he go? How could a person not expect such perseveration? When an entrepreneur reads about the rapid rise of YouTube from startup to $1.65 billion buyout, he or she can easily forget about the many new firms that fail, and instead imagine being the personification of ' or fantasize about ' having a company that becomes the next tech-economy icon.
Beware of Phishing: How Landlords and Tenants Can Avoid the Hook
Although landlords and tenants often have different views on various topics, they share a common interest in protecting their premises against theft. Until recently, security considerations were generally limited to decisions concerning appropriate locks and the installation of stout hardware. In the new millennium, however, securing electronic entryways to premises may be of even greater importance, and it behooves landlords and tenants alike to keep abreast of developments in computer-related security breaches. In particular, landlords and tenants must be alert to a variety of identity theft threats, including phishing scams, in which they receive an e-mail from a seemingly reputable company (eg, a tenant receives an e-mail that appears to be from the landlord) that attempts to obtain personal information from the recipient when in fact the e-mail was sent by an identity thief.
Beyond the Signature Block: Analyze the Exhibits Attached to a Lease
In reviewing a draft of another party's form commercial retail lease, much time and effort is expended in analyzing the lease relative to the agreed-upon letter of intent and/or applying a client's leasing parameters into the lease. Many times the signature block is viewed as the proverbial 'goal line,' so if you can make it to the signature block, you are at the conclusion of your review; however, to review the form lease adequately and completely, one must continue the review and analyze all the exhibits attached to the form lease.
In the Spotlight: Beware of Lease Disputes in a Declining Market
We have just experienced a rising, perhaps frothy, commercial real estate market for the past half-decade, resulting in ever-increasing rental rates throughout much of the country. More recently, we have suffered increased gas prices that tax the budgets of all retail customers and appear to be reducing sales for many retailers.
Drafting a Better and More Effective Right of First Refusal
Land transfers date back to biblical times and have been the subject of an inordinate amount of litigation. Of course, the importance and value of land and the necessity for shelter might help to explain many of the disputes. Some, however, are due to human error, especially those involving the right to purchase property.
In the Marketplace
Highlights of the latest equipment leasing news from around the country.
The Credit Agency Reform Act: What Leasing Companies Need to Know
Any equipment leasing or finance company desiring to access the debt capital markets must quickly become adept at dealing with a unique feature of that world: the credit rating and its gatekeeper, the credit rating agency. Entering this realm can be a jolt for finance officers used to the relationship-friendly, competitive environment of commercial banks. Dominated by two monoliths, Standard & Poor's and Moody's, the rating agency process is steeped in the clinical analytics of credit modeling. Rating agencies are viewed by many as academic in perspective and, to some, remote and obscure in their approach.
