Excess Consideration
Jaw Law Podcast
English - May 13, 2021 18:17 - 15 minutes - 17.4 MB - ★★★★★ - 17 ratingsBusiness dentist employment leases contracts dso law partnerships Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Ever wonder what hidden provisions lurk inside your lease, waiting to bite when you least expect it? An increasingly common problematic provision is “excess consideration,” where a landlord may obligate you to hand over whatever you make from the sale of your practice. In this episode Joe McGregor discusses the concept of lease assignments, the reason landlords seek “excess consideration” clauses, and why you should never agree to one.