Frequently Asked Questions
We’re business law and franchise lawyers in Chicago providing customized legal services to businesses and their owners, franchisors and franchisees, and the restaurant and hospitality industry. Our knowledgeable, effective, and responsive attorneys counsel clients in connection with contracts and franchise agreements, corporate and LLC issues, leases and real estate transactions, employment issues, estate planning and business succession, and lawsuits and alternative dispute resolution.Search For:
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Author Archives: mboxerman
Can I sublease or assign my commercial rental property?
As a business owner who might sell your operation in the future, you must have the right to sublease the premises or assign your lease. To preserve your right to sublease or assign, you must avoid leases with overly restrictive … Continue reading
Posted in Leases, Real Estate
Tagged assignment, commercial lease, commercial rental, real estate, sublease
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What are some red flags in commercial leases?
Commercials leases are far more complex than residential leases. So, it is important to carefully read the proposed lease terms offered by your potential landlord and to advocate for adjusted terms that are tailored to your needs. While there is … Continue reading
Posted in Leases, Real Estate
Tagged commercial lease, commercial properties, lease negotiations, lease terms, red flags, rental properties
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How can I avoid paying too much commercial rent?
Lowering your commercial rent is possible if you follow a few simple steps. First, choose a sensible location. Then, call an experienced real estate attorney to go over the terms of the proposed commercial lease. A knowledgeable attorney can help … Continue reading
Posted in Leases, Real Estate
Tagged commercial lease, commercial real estate, commercial rent, lower rent, rental properties
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How do I choose the right business location?
When you’re choosing a new business location, start by considering your business’ specific needs. It is always tempting to choose a high-profile location, but, for some businesses, the exposure isn’t worth the price. First, think about how important location is … Continue reading
Are commercial lease terms negotiable?
Yes. Commercial lease agreements are made up of many components, almost all of which are negotiable depending on your degree of bargaining power. Even if the landlord won’t budge on the rent, there are plenty of terms that may be … Continue reading
What is a commercial lease?
A commercial lease is a contract between a landlord and a business for the rental of a building space or other commercial property. Commercial leases are more complex than residential leases because their terms are negotiable and vary considerably from … Continue reading
Posted in Leases, Real Estate
Tagged commercial leases, commercial real estate, commercial rentals, lease agreements
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What steps should I take before terminating an employee?
Terminating an employee is never pleasant, especially if you’re worried about a potential lawsuit. Be sure to review this checklist to best avoid unnecessary litigation and to help ensure you are prepared to defend against a claim for unlawful termination … Continue reading
Should I franchise my business? How should I decide?
Franchising is often a fast, efficient, and effective method of expanding an existing business. Businesses in over 120 different industries have used the franchise model to facilitate growth, and it’s easy to understand why. When you franchise your business, franchisees … Continue reading
What Is franchising?
Franchising is a method for expanding a business and distributing goods and services through a licensing relationship that allows a franchisee (the person or company granted a license) to operate a business under the franchisor’s (the person or company granting … Continue reading
What happens to my franchise when I retire or pass away?
In the 1980s, the franchise business model experienced something of a market bubble. But now, franchisees that started their businesses during the bubble are beginning to retire, or in some cases, pass away. What happens when a franchisee retires or … Continue reading