• June 12, 2018

The Snagglepuss, Groucho Marx, The Clash & Steve McQueen Great Escape Theory

The Snagglepuss, Groucho Marx, The Clash & Steve McQueen Great Escape Theory

Negotiating Theories to Succeed in Life, Marketing and Commercial Leasing (Part 2)

As a tenant advocate, it is imperative that you create exit strategies for your client as early as the letter of intent stage, so as to be prepared for the myriad of things that can occur during a long term lease (including but not limited to, the sale of a business, partners leaving and new ones joining a company, and ever changing business cycles). This mindset must be part of a broker’s mantra during the preparation and subsequent negotiation of a letter of intent, and thereafter by the tenant’s attorney during lease negotiations. The use, renewal option and subletting and assignment provisions, as well as a straight, limited or “good guy” guaranty, are the primary examples for which this mindset must be applied to.

That said, among the Hanna-Barbera cartoon character Snagglepuss’s greatest lines was “Exit, Stage Left,” Groucho Marx’s line from the movie Animal Crackers when he was introduced to someone he had no desire to meet was “Hello, I Must Be Going,” a classic song from The Clash was “Should I Stay or Should I Go?” and lastly, Steve McQueen starred in the classic World War II movie “The Great Escape.” Make it your mission to channels these iconic legends!

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