Six seemingly unimportant issues can arise in real estate documents and business contracts that can turn into big problems. Here are some tips on how to avoid them. In other words: DO sweat the small stuff.
All in business
Six seemingly unimportant issues can arise in real estate documents and business contracts that can turn into big problems. Here are some tips on how to avoid them. In other words: DO sweat the small stuff.
The evolving economy, climate change and health concerns are forcing real estate buyers and sellers to adapt their standard purchase agreements for a changing world. Agreements may now need: specific provisions to address more intense weather events; general force majeure provisions for entirely unanticipated events; and tweaks to standard provisions to better address the impacts of rising interest rates.
Over the last two years, lawyers’ standard lease language was tested by natural disasters, the pandemic and drastic changes in the way people work. To adapt to changing times, attorneys should consider incorporating a variety of practical provisions into their corporate leases regarding term, base and additional rent, casualty insurance, premises rights, and force majeure.
Biz New Orleans surveys all the leaders on the New Orleans 500 list to collect data and insights about topics important to the business community. I shared my thoughts on working remotely in the latest report in that series, “In the Path of Wind and Rain, N.O. Businesses Rely on the Cloud.”