Tuesday, September 15, 2020

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Friday, September 11, 2020

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Thursday, September 10, 2020

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Wednesday, September 9, 2020

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Monday, September 7, 2020

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Watch Out For Exclusivity Clauses In Term Sheets For Real Estate Transactions

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The ethical of the story, after all, is that parties to term sheets or letters of intent ought to take exclusivity clauses seriously, or not conform to them in any respect. A violation of such a clause won’t create liability for the underlying transaction itself. And the courts are keen to try to quantify that legal responsibility and make the violator pay. Even so, Amazon still had no obligation to enter into a lease.