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Assignment and Sublease Sample Clause

Description: Retail tenants such as fashion brands generally want to maintain the flexibility to merge with other companies, rebrand, assign their lease and sublet without such events causing them to breach their lease. This sample lease clause allows for reasonable assignment, sublease, sale of assets and changes in corporate form or identity.
Form Type: Contract Clauses
Practice Area: Corporate & Securities, Employment, Intellectual Property

Date: May 2014
PLI Item #: 58382
Keywords: fashion; retail; brand; "real estate"; "brick and mortar"; landlord; tenant; rent; "percentage rent"; "fixed rent"; lease; "gross revenue"; "rent abatement"; "abatement event"; assignment; sublease; merger; rebrand; "sale of assets"
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