Volume VI, Issue I
May 15, 2012
20th Annual Restaurant Trends Seminar
presented by Ruberto, Israel & Weiner, The Boston Restaurant Group and Cafco Construction Management Please visit www.rtseminar.com for more information and to register to attend
- March 11-13, 2012 – New England Food Show
- March 12, 2012 – Mass Restaurant Association Annual Awards Dinner
- April 4, 2012 – Maine Restaurant & Lodging Expo
- May 2-3, 2012 – Inaugural Hotel Industry Conference to Explore Financing/Lending Opportunities in Rebounding Market
Negotiating Assignment of Lease Provisions: How it can impact the sale of your business
Many business owners dream about the eventual sale of their business. If you have a restaurant or retail chain, special care must be given to the assignment of lease provisions in your leases. Failing to prepare for such an eventuality well in advance, can complicate, or possibly kill a sale.
Typically, a landlord will require its consent to the assignment of a lease (or a sublease) and will sometimes agree to not ‘unreasonably withhold its consent’. More sophisticated leases will provide that a change of control of the tenant is deemed an assignment of the lease for which the landlord’s consent is required. In these situations, a sale of the stock or assets of your company would require the consent of the landlord, which could delay or even stifle the sale of your business, especially where there are multiple locations/landlords.
Protect Against Risk of Disclosure of Confidential Business Information Through Employee Owned Smart Phones and Other Mobile Devices
Technology is wonderful. You can get in touch with your employees anytime, anywhere. Smart phones, ipads and other android devices are regularly used in the transaction of business away from the office. Public internet access is everywhere; airports, hotels, trains, coffee shops and public parks. Whether your employee is traveling for business or pleasure, they are always in touch. Some companies issue mobile devices to their employees for business use and others allow employees to use their own mobile devices to transact business. In the latter case, employees are using their devices for the dual purpose of conducting business and personal use. There are benefits and limitations to either choice. Many companies have found it easier and more economical to allow their employees to use their own devices rather than issue the devices through the company. However, if a company allows employees to use their own mobile devices to conduct business it must make sure that it protects against the release of confidential and private information.
Changes to EEOC Regulations Broadens Employer Liability Under ADA
In 2008, Congress passed the Americans with Disability Act Amendments Act (the “Amendments”) in response to several U.S. Supreme Court cases that narrowed the scope of protection under the ADA. On March 23, 2011, the U.S. Equal Employment Opportunity Commission (“EEOC”) issued its regulations and interpretive guidance on the Amendments (the “Regulations”). Per the Amendments’ directive, the Regulations are aimed to substantially narrow the defenses an employer has in response to claim under the ADA.
Not surprisingly, since the enactment of the Amendments, EEOC filings for disability discrimination claims have increased. Disability claim filings have grown from 17,734 filed in 2007 (the last year prior to the Amendments) to 25,742 filed in 2011, an increase of over 8,000 claims per year. With the increase in claims and scrutiny by the EEOC, it is important to understand the change in the landscape created by the Amendment and Regulations.
Share the Love
It’s nice for owners/managers to make the rounds… say hi and be attentive to familiar customers and friends, etc.
But don’t neglect the average Joe (and Josephine). People like attention and to be made to feel special. New or occasional customers appreciate a pat on the back as much as longtime patrons.
Make your place, ‘their place’. Treat everyone like a long-time customer and they just might become one.
- Despite Economic Headwinds, Restaurant Sales Reignite visit: http://www.restaurantnews.com/despite-economic-headwinds-restaurant-sales-reignite/
- Strong Group Demand Setting the Stage for Positive 2012 Hotel Occupancy Outlook visit: http://www.hotelnewsresource.com/article61457Strong_Group_Demand_Setting_the_Stage_for_Positive_2012
In the News
Congratulations to Brad Dalbeck and Chris Damian of Legendary Restaurant Group for being named Restaurateur of the Year by the Massachusetts Restaurant Association.
Ruberto, Israel & Weiner attorneys have comprehensive knowledge and expertise in the areas of law in which they practice and the industries served. Attorneys in RIW’s Hospitality Practice Group have provided legal services to industry clients for over 30 years.
Additionally, our attorneys organize seminars, lecture, write articles, participate in trade associations, and serve on Boards of Advisors for retail, food and hospitality industry companies.
For a full description of our Hospitality Practice Group, including a list of representative clients, click here.
INDUSTRY GROUP ATTORNEYS
Kelly Caralis, Mergers & Acquisitions and Leasing
Bradley Croft, Construction Law
Michael J. Duffy, Litigation
Stacey Friends, Trademarks and Branding
Bethany Grazio, Mergers & Acquisitions and Financing
Louis Katz, Mergers & Acquisitions and Leasing
Joe Magner, Litigation
David Robinson, Litigation
Michael D. Rosen, Commercial Real Estate; Zoning; Land Use; Leasing & Financing and Green Initiatives
Russell Stein, Mergers & Acquisitions and Leasing
Click here for past articles on a range of issues including: Finance; Leasing; Data Security; Succession & Estate Planning; Disputes; Construction; and Branding.
Published by Ruberto, Israel & Weiner. Kelly A. Caralis, Esq., Editor.
This material is intended for informational purposes only and is not meant to be construed as legal advice. For a comprehensive understanding of the issues raised in this material, please contact a qualified attorney of your choice. © 2015 Ruberto, Israel & Weiner, P.C.
This summary is presented for informational and educational purposes only, does not constitute legal advice, nor create an attorney-client relationship. For a full understanding of the issues, please contact counsel of your choice.