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LawGram Volume 10, No. 4

Table of Contents

RISKS OF EMPLOYEES’ USE OF SOCIAL MEDIA

Do you know what your employees are posting on social media websites? It could be your trade secrets. Some companies’ most prized possessions are their customer lists and business relationship contact information. An employee would not usually think of printing these lists and sending them to others, such as competitors. Yet this is the type of information commonly disclosed through social media available for anyone to view. The disclosure of information, either inadvertently or intentionally, that the company would consider “confidential” is problematic. This article discusses these risks and possible ways to work toward controlling such disclosures.

COMMERCIAL MORTGAGES IN CRISIS: PROTECTING LENDERS, LANDLORDS AND TENANTS

The recent downturn in the economy has taken its toll on the commercial real estate market as well as the more publicized housing market. As businesses react to the economic downturn by downsizing operations and engaging in cost cutting measures, the demand for commercial rental properties continues to decline. In the commercial real estate setting, if the property owner/lessor defaults on the mortgage, the lender could foreclose on the property and the lender becomes the new landlord. Now many owners are entering into leases with terms and conditions which, just a few years ago, would have been unacceptable. Lenders are contemplating the prospect of becoming the landlord. Tenants who have leased in buildings that are later foreclosed are discovering either that their lease will be terminated or that a foreclosing lender has a different agenda then a long term property owner.