To develop what you believe is a terrific idea for a video game, you lease 50,000 square feet in an office building from Commercial Property, LLC, under a written five-year lease. Your goal is to put the game on the market within two years. Several months into the term, a competitor unexpectedly releases a new game title featuring play that would make your game appear to be a poorly crafted imitation.
Can you assign the lease to another party? Explain.© BrainMass Inc. brainmass.com October 10, 2019, 5:25 am ad1c9bdddf
As the signor of the lease, you cannot sign the lease to another party unless there is a clause in your contract stating that it would be permissible to do so. Even though circumstances that are externally caused have interfered with the release of your new video game, external factors do not cause a situation ...
This solution explains contract law and if a lease is voidable due to the circumstances given. A full discussion is provided explaining if you can break the lease.