(3) Clauses In A Percentage Lease Flashcards

1
Q

When a percentage lease has no minimum, it’s usually attached to a recapture clause(protection), which allows the lessor to cancel if the lessees business volume falls below an expected minimum

A

Recapture Clause

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2
Q

In which one party (usually the lessor) agrees not to enter or start a business with a similar profession. This s to control exploiting confidential information and tactics about the lessor

A

Non-Competitive Clause

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3
Q

Guessing: where the lessor is allowed to fully check through the lessees sales making sure that nothing is being withheld

A

Examination of books

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