Amol Pachnanda, a partner at Ingram Yuzek Gainen Carroll & Bertolotti, writes that many start-ups and small companies lack the necessary muscle to negotiate a contraction option or an early termination option in their lease, but those are not the only two routes available to the tenant that has planned for an exit strategy as part of its overall business plan. A careful negotiation of the assignment and subletting clause will permit the tenant to mitigate its losses when its space no longer fulfills its needs.
Assignment and Subletting Clauses in Office Leases: A Critical Exit Strategy
New York Law Journal
March 11, 2013
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