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THANK YOU DURHAM REGION FOR VOTING US # 1.             DON'T JEOPARDIZE THE SUCCESS OF YOUR BUSINESS --- WE CAN HELP!                                                                                                

Did you know?

You may not be capable of selling your business without first obtaining your landlord's consent:

Excerpt from a clients' lease prior to our restructuring:

If the party originally entering into this Lease as Tenant, or any party who subsequently becomes the Tenant by way of an assignment or sublease or otherwise transferring approved in writing by Landlord as provided herein this Lease, and such Tenant is a corporation then:

  1. The Tenant shall not be entitled to deal with its authorized or issued capital or that of an affiliated company in any way that results in a change in the effective voting control of the Tenant unless the Landlord first consents in writing to the proposed change;
     
  2. If any change is made in the control of the Tenant's corporation without the written consent of the Landlord then the Landlord shall be entitled to treat the Tenant as being in default and to exercise the remedies stipulated in paragraph 10 (2) of this Lease and any other remedies available by law;
     
  3. The Tenant agrees to make available to the Landlord or his authorized representatives the corporate books and records of the Tenant for inspection at all reasonable times. 

End Result:
Subject to the acceptance of both parties, this clause must be modified to prevent the Landlord from (in any event) blocking, interfering or restricting the purchase and sale transaction of the Tenant's business.

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