5 Landlord Protections When Negotiating Commercial Leases

To be enforceable, a commercial lease need only address the parties, the property, the rent to be paid and the duration of the lease. Otherwise, parties to commercial leases are accorded broad latitude in defining their rights and obligations.  Further, contrary to the myriad of restrictions on residential landlords in drafting and enforcing leases, Michigan…

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Letters of Intent – Are they Binding?

“A good intention, with a bad approach, often leads to a poor result.” — Thomas A. Edison Parties to commercial transactions often enter into letters of intent prior to negotiating and documenting a definitive agreement regarding the transaction.  For example, a potential seller and purchaser of real property may sign a letter of intent outlining…

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Protecting Trade Secrets

Protecting intellectual property is not just an issue for large companies who can incur the expense of filing registrations with federal patent, copyright and trademark offices. Most small businesses have confidential information that may qualify as a trade secret. Trade secrets are protected by maintaining the data’s secrecy, not by registration with a governmental agency.…

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Piercing the Limited Liability Company Veil

The Michigan Limited Liability Company Act (“LLC Act”) extends absolute immunity to members of a limited liability company (“LLC”) from the liabilities of the entity “unless otherwise provided by law.” The LLC Act arguably does not permit a court to extend the doctrine of “piercing the corporate veil” to LLCs. However, many courts have extended…

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7 Tips for Handling Email

“Before you speak, think- Is it necessary? Is it true? Is it kind? Will it hurt anyone? Will it improve on the silence?” Sri Sathya Sai Baba If you do not have one in place, consider an email protocol or policy for your company. Email can create risk for a company if used improperly. For…

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