Insurance is an important tool allowing landlords and tenants to allocate risk in a commercial lease. Here are some recommendations: Your Team. The lawyer and the insurance advisor work together to review and advise on the insurance clauses in the commercial lease. The goal is to ensure that the tenant’s insurance and landlord’s insurance work […]
Settlement agreements that conclude litigation are often reached once the parties have gotten to a point of a loss of faith in one another or a complete breakdown in whatever relationship they may have enjoyed pre-litigation.
The purpose of security in a commercial financing transaction is to give the lender comfort (or security) that the lender will have access to assets if the borrower fails to meet its repayment commitments.