Download PDF I recently negotiated a commercial lease and encountered a situation you want to avoid. When you negotiate to have a personal guaranty of a lease terminated prior to the end of the lease term, you should make sure that such termination language is also included in the guaranty itself. If you do not [...]
Download PDF I recently reviewed a commercial lease and encountered a situation you should avoid. Lease renewal options typically contain a precise rent amount the tenant will pay during the renewal term. Some leases, however, state the rent during the renewal term will be the market rate at that time. They may include a vague [...]
Download PDF The Fulton County tax assessor has been reassessing commercial property over the last few years. As a result tax assessments on many Fulton County commercial properties has increased substantially. Most leases pass this expense onto the tenant. If you are looking at new space you want to ask for the building’s operating expenses [...]
Download PDF Pre printed form commercial sales agreements contain pitfalls for buyers unaware that the form is silent on many provisions that are critical to specific types of corporate and real estate transactions. I recently reviewed a form commercial sales agreement that addressed the sale of a business along with the commercial real estate. The [...]
Download PDF I thought I would pass along information about a new law. As of July 1, 2008 residential and general contractors who do work in Georgia must obtain a license from the State Licensing Board for Residential and General Contractors. All applicants will have to pass a two part examination and pay a licensing [...]
Download PDF The most recent Atlanta Business Chronicle included an article that SunTrust was relieving certain of its corporate officers from their non compete agreements. The article further discussed the most important aspect of non competes when you hire a chief executive officer or a salesperson in Georgia. In our state, non competes are very [...]
Download PDF Many business owners do not realize their general liability insurance policies do not cover liability exposure created by employee benefit programs that their company offers. Bill Snellings, owner of the Snellings Walters Insurance Agency in Sandy Springs, explains the issue this way: “Most business owners do not realize the liability exposures that are [...]
Download PDF You may not be aware that under Georgia law an arbitration clause in an employment agreement is unenforceable unless the employee specifically initials the arbitration provision. As always, your trusted legal resource for practical advice.
Download PDF Earnouts are a common feature in the sale of service businesses whose revenues are dependent on customers continuing to use the service after the transaction is complete. An earnout means that all or a portion of the purchase price will be paid to the seller at a point in the future provided that [...]
Download PDF When I watch television I frequently see former O.J. Simpson attorney Robert Shapiro shilling for his company Legalzoom.com that prepares form legal documents for a highly discounted fee. These easy and inexpensive legal forms, however come at a price, you pay for the form and you fill it out yourself. There is no [...]
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