Tenant's 'Ongoing' Termination Right Lasted for Years

Tenant's 'Ongoing' Termination Right Lasted for Years



Facts: A tenant negotiated a lease that granted it an ongoing right to terminate its obligations in the event of a sale or relocation of its business. Specifically, the lease stated that, “provided the Tenant is selling or moving the business, Tenant shall have the ongoing right to terminate its obligations…upon twelve (12) months’ written notice to Landlord.”

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