Restaurant owners are well aware of the financial risks associated with running a restaurant, especially after over two years of pandemic-driven impacts across the restaurant industry. Just as important, however, is an awareness of the financial risks associated with building the restaurant space in the first place. Although no contract can completely shield an owner…
POSTED IN: Hospitality Practice Group, News
Everyone is aware that the COVID-19 pandemic has substantially disrupted businesses of all types throughout the country, and construction has been no exception. At the project level, the pandemic has impacted construction sites in a wide variety of ways. Some projects were completely shut down, whether by state or local mandate, by unilateral owner decision,…
POSTED IN: Articles & Quotes, Construction Law, COVID-19, News
Opening a restaurant is an exciting time, but an owner must take care while negotiating the construction contract to protect itself and anticipate the key issues that may arise during the project. Below are ten issues to consider when drafting and negotiating your construction contract. 1. Avoid cost-plus contracts. Cost-plus contracts should be avoided for…
POSTED IN: Articles & Quotes, At Your Service, Hospitality Practice Group, News
You are the owner of a fine dining establishment located in the heart of the financial district. Business has been great – so great, in fact, that you recently decided to relocate to a new, larger location. In the process, you have spent tens of thousands of dollars to fit out the new space, including…
POSTED IN: Articles & Quotes, Commercial Real Estate
