Notice provision

Instructions for how each party must give and receive notice. This assures that notice will not be intentionally sent in a manner that will be overlooked, and bars a party from later arguing that they did not receive notice.

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Not fully supporting

Not in compliance with water quality standards or not within the range of biological reference conditions for a beneficial uses determined through the Water Body Assessment Guidance.

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No other waivers or modifications provision

Provides that if a landlord waives or excuses the tenant from performing an obligation once, the landlord does not waive the obligation in the future. This provision allows the landlord to allow the tenant to cure a default, without waiving the landlord’s right to enforce the lease in the future.

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No negative inference against the drafter clause

Provides that the drafter will not lose an argument about the meaning of the contract simply because he was the drafter of the agreement. This provision puts the parties on equal footing if the contract must be interpreted by a court.

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No-merger provision

Prevents the lease from collapsing if one entity acquires both the landlord’s and the tenant’s companies.

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Net lease, also known as triple net lease

A commercial lease where the landlord is responsible for debt service only and the tenant pays all operating expenses like taxes, water, sewer, insurance, repairs and maintenance, and the landlord’s operational expenses including CPA and attorney’s fees. Rent is lower with a net lease but the landlord risks nothing while the tenant is responsible for…

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