In our last article for Modern Restaurant Management (MRM) Magazine, we discussed some of the critical lease provisions contained in a franchisee’s lease which, if not identified and properly negotiated, could have a material impact on the viability of a business. The provisions addressed in that issue – exclusive use protection, landlord’s consent to assignment and continuing liability thereafter, and the landlord’s right to participate in the sales proceeds – only scratched the surface.[Read more…] about Sign At Your Own Risk: The Sequel … More Critical Lease Provisions to Negotiate or Avoid
Negotiating a retail lease is one of the most critical stages in the life of a restaurant.
Each lease presents its own distinct issues and challenges; failing to have significant attention to detail can inadvertently result in an unsuccessful business or impede your growth; one oversight can destroy your succession plan or exit strategy.
Franchisees, often faced with immense market competition and the franchisor’s demanding development requirements, are prone to concede important issues and make careless mistakes in lease negotiations. What follows is a list of critical lease provisions which, if not identified and properly negotiated, could have a material impact on the viability of your business:[Read more…] about Sign At Your Own Risk: Critical Lease Provisions to Negotiate or Avoid
Paris Ackerman LLP is proud to announce our newest partner, Michelle L. Prager.
Michelle joined Paris Ackerman in July 2018 and heads our firm’s Massachusetts office. Michelle focuses on multi-unit franchise transfers, commercial leasing, commercial real estate transactions and financing. Michelle maintains an impressive roster of clients that is comprised of some of the largest and most well regarded franchisees and business people in their respective industries.
Her vast experience and practical approach to handling complex transactions make Michelle a valuable addition to our team. Prior to joining Paris Ackerman, Michelle was a Partner with Aceto, Bonner & Prager, P.C., located in Boston, MA.
We look forward to many years of success together!