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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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Using a Force Majeure Clause to Re-Negotiate with Vendors and Landlords in Light of the COVID-19 Pandemic?

In today’s COVID-19 environment, businesses are being told to close their doors and send employees homes.  As such, many business owners are struggling to earn enough revenue to be able to meet their contractual obligations to their vendors, landlords and banks, let alone make payroll. With financial disaster looming for so many businesses, do standard […]

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Beware of Real Estate Contracts

Although more common on the residential side, business owners sometimes sign real estate contracts instead of mortgages as a way to get into the property fast. Real estate contracts may seem ideal for individuals or businesses who aren’t able to purchase property outright. However, before buying through a contract, there are some serious pitfalls to […]

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How To: Personal Asset Protection

Personal asset protection is an important idea, especially when you own, manage or lead a business in today’s litigious society. Unfortunately, no one thing can protect you or your business perfectly under all circumstances. Therefore, it’s important to implement a number of steps to give you coverage to help protect against a variety of circumstances […]

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