Challenges in Drafting a Restaurant Exclusive Use Clause | Law Journal Newsletters
They may pose a risk of failing to meet the deadlines agreed survey was to identify the clauses in agreements for lease in commercial buildings . ning non- compete clauses and the scope of tenants' liability – the number of respondents. Principal Clauses in a Commercial Lease .. when the lease is to commence, the court is satisfied that there was a meeting of the minds on this point. A clause attempting to prevent a tenant in the center from competing with itself within a. By Peter Snell When reviewing a non-competition clause in a franchise agreement, you should also be aware of the term of your lease agreement. Since non-competition clauses that do not meet these criteria may be.
Pursuant to CFR See all 4 Exclusive Use.
Subject to the terms and conditions set forth in Paragraph 12 and this Paragraph 40, Tenant shall have the exclusive right to improve the area on the roof of the Building as designated on Exhibit A-1 the Roof Top Area for use as a Roof Top Area. The Roof Top Area shall be used solely for such purpose and only by Tenant and Tenants employees and guests, and in no event shall it be open to the public.
Authorized Signature Authorized Signature Name: Sample 1 Sample 2 Sample 3 Exclusive Use.
Subject to the terms of this Section 5. The foregoing restriction is not intended to and shall not restrict the leasing by Landlord of ground floor space in the Building to any entity for any purpose other than Retail Banking Purposes. In addition, Landlord shall use commercially reasonable efforts not including litigation to withhold its consent to any assignment or sublease of space on the ground floor of the Building to a Retail Bank which shall utilize the subject space for Retail Banking Purposes so long as Landlord is entitled to withhold such consent pursuant to the terms of the applicable lease.
Landlord's agreement to restrict its leasing activities as set forth in this Section 5. The foregoing rights of Tenant shall terminate i upon the occurrence of an uncured event of default under this Lease by Tenant after the lapse of all applicable notice and cure periodsor ii at such time as Tenant fails to use the entire Premises for Retail Banking Purposes for a period of thirty 30 days or longer.
The provisions of this Section 5.
Subject to the provisions of this Agreement, Vitol will, during the Term, have a the sole and exclusive right to store Crude Oil in the Designated Tanks, and b the right to access the Designated Tanks to remove Crude Oil. Sample 1 Sample 2 Exclusive Use.
Exclusive Use Sample Clauses
If a tank is to be removed from the list of Designated Tanks, Vitol shall remove all Crude Oil from such tank prior to the change in status thereof. Business is so good that you are branching out and opening another store. After investing time and effort researching trade markets, you have found what seems to be the perfect place to expand your business. As you begin negotiations with the shopping center landlord, you will want to protect your sales from being eroded by other bakeries that may lease space in the shopping center.
There is plenty of competition on the other side of the parking lot to keep you on your toes. Non-Compete Clauses Can Benefit both Tenants and Landlords Non-compete clauses protect tenants from unnecessary competition and help maximize sales. A publication by the American Bar Association notes four reasons that tenants seek exclusive use or non-compete clauses. The trade market can support one but not two similar businesses. Two similar concepts might be successful, but sales of each will necessarily be less than if only one was in operation.
Tenants themselves may want to open that second restaurant when the trade market is strong enough. Both the yogurt shop tenant and the landlord can maximize profit due to the non-compete clause. Other benefits for landlords come as landlords respond to non-compete clauses by leasing development space to many different kinds of businesses. Each tenant will show greater profit in its own industry, and the center will enjoy more traffic with an ideal mix of businesses, thereby improving sales.
Scope As a bakery owner, you will want to negotiate a non-compete clause to prevent other independent bakeries from leasing space in your shopping center. But what about a grocery store that operates a bakery? What about a donut shop or cupcake shop or a coffee shop that includes baked goods?
Exclusive Use Sample Clauses
All of these businesses will detract from your sales. Your goal is to make the non-compete clause as broad as you can. Landlords, on the other hand, will prefer to limit the scope of the exclusivity clause, as a broader scope restricts his or her pool of potential tenants.Were You Asked to Sign a Non-compete Agreement? Watch this first!