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The Future of Commercial Leases

The one contract your business simply can not afford to get wrong! Rent payments, typically one of the largest expenses of a company, are particularly painful for business owners to make on scarcely occupied office and retail space since the COVID-19 Pandemic hit. While enduring the remainder of a commercial lease “as is” might very well […]

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What Is a Business Succession Plan?

Do you have a will?  Have you thought about how you would take care of your family if something happened to you?  Have you given any thought to retirement?  Well, the same thought process needs to go into your business.  If the unthinkable were to happen such as a car wreck, or becoming ill with […]

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What’s So Important About Operating Agreements ?

Well, to start with, it is one of the most important documents associated with your business yet in so many instances it is the least considered.  In fact, a frightening amount of small business owners merely downloaded a generic form and signed it when starting their business with little knowledge as to what was in […]

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What Is a Land Lord’s Lien?

Most commercial leases include a Land Lord’s Lien Clause and many business owners don’t understand that magnitude of it. A Land Lord’s Lien is generally a clause written into a lease. What the clause does is allow a Land Lord to keep the property within a leased space should the tenant default on the payment […]

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Why Can’t I Just Terminate My Lease?

Wanting out of your commercial lease does not mean you can get out. Needing to terminate a commercial lease comes up often, and especially now with the current situation in the world. The bottom line is, commercial leases are governed primarily and solely by the lease itself, unlike residential tenants who enjoy certain protections under […]

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What is Fair Pay for Work Done?

Suppose you have a small manufacturing shop.  A customer you have made parts for in the past calls and says he has an emergency. He asks that you manufacture, right away, dozens of parts- identical to parts you have made for him in the past. You send your client an e-mail letting him know that […]

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Consideration in Contracts

We all know that business deals involve careful consideration of company finances, risk, and potential gain. But the contracts underlying those deals involve another form of consideration—something that demonstrates each party has a stake in the outcome. In fact, contracts are only legally binding if there is consideration (along with an offer and acceptance, as […]

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