This Lease Termination Agreement ("Agreement") is entered into between
________________., an Ohio corporation ("Landlord") and _________________., an Ohio corporation ("Tenant"). WHEREA, Landlord and Tenant!s predecessor in interest are parties to that certain O""ice Lease dated #$ne %&, '((), and as amended b* a +irst Amendment to O""ice Lease dated October %), '((, and a econd Amendment to O""ice Lease dated #$ne %%, %--. (as amended, the /Lease0), "or certain space located at 1111111111111111111111111("2remises")3 and WHEREA, the parties now desire to pro4ide "or the termination o" the Lease, and the ret$rn o" the Leased 2remises to Landlord, prior to the c$rrent e5piration date o" the Lease. 6OW, THERE+ORE, in consideration o" m$t$al promises contained herein and "or other good and 4al$able consideration, the receipt and s$""icienc* o" which is hereb* ac7nowledged, it is agreed as "ollow8 '. Termination. The parties agree that in lie$ o" the original e5piration date o" October .', %--,, the Lease shall terminate on 9arch ', %--) ("Termination :ate"). 2rior to the Termination :ate, Tenant shall ;$it the 2remises and s$rrender and ret$rn the 2remises to Landlord, /as is0 in broom clean condition. %. Lease Termination Fee. <n consideration "or Tenant being relie4ed o" "$rther obligations $nder the Lease a"ter the Termination :ate, Tenant and Landlord agree that Tenant shall pa* a Lease Termination +ee o" e4ent* Tho$sand :ollars (=>-,---.--). This pa*ment shall be made to Landlord b* 9arch ', %--). .. Mutual Release. ?pon Tenant satis"*ing its obligations set "orth in this Agreement, Landlord releases, discharges and wai4es an* claims 7nown or $n7nown, against Tenant, its s$ccessor, assigns, o""icers or directors, arising o$t o" or in an* wa* connected with the Lease thro$gh the date hereo", and Tenant releases, discharges and wai4es an* claims, 7nown or $n7nown, against the Landlord, its s$ccessors, assigns, o""icers or directors, arising o$t o" or in an*wa* connected with the Lease thro$gh the date hereo". &. Binding upon Successors and Assigns. This Agreement shall be "or the bene"it o" and be binding $pon, the parties hereto and their respecti4e s$ccessors and assigns. @. Final Agreement. This Agreement shall constit$te the "inal agreement and $nderstanding o" the parties on the s$bAect matter hereo". This Agreement ma* be modi"ied onl* b* a "$rther writing signed b* the parties. ). Attorne Fees. <" an* legal action is commenced to en"orce or interpret the terms o" this Lease Termination Agreement, the pre4ailing part* shall be entitled to reasonable attorne*Bs "ees and costs in addition to an* other relie" to which the pre4ailing part* ma* be entitled. >. O!io La"# Illegalit. This Agreement shall be go4erned b* the laws o" the tate o" Ohio. <n case an* one or more o" the pro4isions contained herein shall "or an* reason be held to be in4alid, illegal or $nen"orceable in an* respect, s$ch in4alidit*, illegalit* or $nen"orceabilit* shall not a""ect an* other pro4ision o" this Agreement, b$t this Agreement shall be constr$ed as i" s$ch in4alid, illegal or $nen"orceable pro4isions had not been contained herein. ,. $ounterparts. This Amendment ma* be e5ec$ted in an* n$mber o" co$nterparts, each o" which shall be deemed to be an original, b$t all o" which together shall constit$te one and the same instr$ment. <6 W<T6E WHEREO+, the parties hereto ha4e ca$sed this Agreement to be e5ec$ted b* their d$l* a$thoriCed o""icers as o" the 11111 da* o" 1111111111111, %--). LA6:LOR:8 TE6A6T8 _____________________________ ______________________________ D*8111111111111111111111111111111 D*8111111111111111111111111111111 Title8 1111111111111111111111111111 Title811111111111111111111111111111 E4arEwwwEappsEcon4ersionEtmpEscratch1'E%.'-)-.(%.doc
Law School Survival Guide (Volume I of II) - Outlines and Case Summaries for Torts, Civil Procedure, Property, Contracts & Sales: Law School Survival Guides