Bankruptcy

2017

Negotiating and Drafting Office Leases

Blank Rome Partner Ira L. Herman authored Chapter 28, titled “Bankruptcy,” in Negotiating and Drafting Office Leases (2017, Law Journal Press). The book offers a practical roadmap through the entire negotiation process, and reviews the clauses of a typical complex modern lease in detail, with explanation and commentary, examining the legal, economic, and financial accounting ramifications.

In his chapter, Mr. Herman discusses:

  • The Bankruptcy Code and Rules: An Overview
  • Principal Code Sections and Rules Applicable to Commercial Leasing Transactions
  • Leases and Contracts: The Effect of Bankruptcy
  • Assumption and Its Effects on Landlords and Tenants
  • Rejection and Its Effect on Landlords and Tenants
  • Bankruptcy Risks Associated with Pre-Filing Date Lease Termination Agreements
  • Sample Bankruptcy Clause
  • Bankruptcy Definitions and Terms of Art
  • What to Do When a Petition Is Filed by a Tenant
  • Bankruptcy Code Amendments to Section 365

To read the full chapter, please click here.

To learn more about Negotiating and Drafting Office Leases, or to purchase a copy, please click here.