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Business Transactions
- Product Labeling Law: ANSI, UL, CPSC - Some Thoughts for Product Importers and Distributors
- Buying a Car Wash In NY or NJ: Some Thoughts for Purchasers
- Buying a Gas Station or Car Wash you Need Landlord Consent - No Matter What the Lease Says
- $22 Million New York City Entrepreneur Fund Created for Starting Businesses in New York City
- Small Business Commercial Lease Agreements in New York: Limiting your Personal Guaranty may Not be Enough
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- "Must Use" Online Resources When Buying a Business or Franchise...
Posted on 1/13/2011
Library
Business Transactions
- CPSC Reporting Requirements: Knowing When to Report a Product Defect
- Three Things You Need to Remember About Your Product Warranties
- FTC's "Environmental" Marketing Rules: What Manufacturers, Distributors and Franchisors Need to Know
- Proposition 65: Information that Product Manufacturers and Distributors Need to Know
- Prop 65 Warning Requirements for Product Manufacturers and Distributors
What is a lease "use clause".
A: The "use clause" in a business lease is the critical paragraph/section of a lease that identifies and describes the use for which the tenant may utilize the leased premises. In business lease transactions, "use clauses" are critical and as a business tenant you must insure that the use clause permits the types of goods and/or services offered by your business. Also the use clause should address and include the goods and/or services that you plan to offer in the future. When purchasing a business or franchise it is important to evaluate whether or not the goods and services sold by the seller are consistent with the permitted uses contained in the seller's business lease agreement.
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