SAVVY CONTRACT REVIEW & DRAFTING
Would’ve, Could’ve, Should’ve!
Knowing when and where to insert commas and employ tack-sharp drafting techniques is a key lawyering skill, as is being able to spot issues and ‘weasel words” in page-long paragraphs served up by the other side. Knowing how and when to push for a client advantage, and understanding the implications of phrasing in the context of environmental risk mitigation are also skills best left to attorneys with long experience.
Tellus attorneys posses these skills, honed by dozens of high-stakes deals involving Fortune 50 companies and some of our nation’s best transaction attorneys. Whether you are the purchaser, the seller, or the landlord, it is imperative to retain savvy, experienced legal counsel for your drafting and contract review needs because words matter! The difference between a Would and a Could may represent the difference between inadvertently retaining liability or not. Tap into the Tellus Advantage for your drafting and contract review needs.
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Representative Matters
Advised real estate investment company in drafting a ground lease Option Agreement for a 6-acre parcel in a prime Silicon Valley location occupied by aging R&D labs and significant legacy contamination, to build a ~300 unit apartment complex employing the builder’s remedy provisions of state law. Resulting Option Agreement addressed retention of ongoing cleanup liability and reasonable cleanup schedule for former tenant, and key protections for redevelopment client.
Drafted detailed Environmental Indemnity Agreement as part of acquisition by real estate investment client where Seller retained contamination liability and cleanup obligations with regulatory oversight, and ongoing access.
Provided Environmental Indemnity Agreement enforcement support for client against Union Pacific Railroad Company for reimbursement of client’s cleanup costs from restricted escrow account set up to off-set redevelopment costs near former rail bed.
Assisted client to enforce tenant cleanup obligations against departing long-term national-level automotive franchise tenant including threatened litigation and reimbursement for tenant’s default resulting in landlord undertaking required cleanup activities.
Provided extensive lease drafting support and lease termination notifications for commercial dry-cleaning and service station tenants, as well as R&D laboratory close-out certifications and departing industrial tenants.