Deeming Transfer of LLC Interests as Assignment

September 21, 2017
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Q: I’ve found a tenant that’s perfect for my retail space. Because of the synergy I’ve created among tenants at the shopping center, it’s crucial that this tenant mustn’t assign its lease to any type of business that deviates from what it is selling. I’m aware of basic assignment provisions, like requiring the tenant to get my consent to an assignment, that can protect my interests. Are there lesser-known issues that I should address in the clause?

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