ADR clauses in leases call for selective drafting: many, but not all, real estate issues can be resolved quickly by an experienced arbitrator
Article Abstract:
Commercial landlords and tenants often forget the high cost and time involved in litigation and fail to provide for alternative dispute resolution (ADR) in the lease. Other advantages of ADR include choosing an arbitrator experienced in real estate and the informal setting of arbitration presenting a chance to preserve the landlord-tenant relationship. The ADR provision can be as limited or broad as the parties choose. The ADR provision should specify appealability of the arbitration award and its timing. Parties on side should come to the lease negotiation with an ADR provision they are comfortable with.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1997
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Assembly software speeds document preparation: advanced computer programs can slash the time and expense of drafting forms and materials
Article Abstract:
Many law firms are finding that automated document assembly software boosts their profitability and helps them concentrate on the most important aspects of helping clients. Such software helps firms to develop templates that go a step beyond the merge and macro functions found in most word processors. These templates prompt the operator for important aspects of the particular document needed, then create a first draft. Benefits include speed and the effect of an automated checklist, especially helpful on rush deadlines.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
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Tricks of the trade can increase rates of return; skillful legal drafting can yield devices that enhance the value of venture capitalists' shares
Article Abstract:
Venture capitalists can achieve a greater yield when they purchase stock at a fixed price per share with skillful drafting. Such drafting can increase yields and ultimately lead to a different treatment of the shares. If a greater percentage of the increase in the company's value goes to the venture capitalist's shares than to those of other shareholders and the shares are liquidated early, yields will increase, Devices to increase yields are detailed.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1997
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