Real Estate/Development
Jun. 17, 2011
Whose Business Goodwill Is It?
How franchisors may recover business goodwill in the event of a condemnation. By Brad Kuhn, David Graeler and Rick Rayl of Nossaman
When property and business owners negotiate a lease, one of the provisions that is often overlooked and misunderstood is the "condemnation" provision. Eminent domain is uncommon, and the standard form condemnation provision usually suffices to split the proceeds between the parties in a reasonable manner (most of the compensation for real estate typically goes to the landlord, and compensation for busi...
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