4 ms·
> for a steal perhaps since they have the ability to tighten the screws. You think they don't have some tight contractual relationship with built in renewals a
by gist 6y ago
> for a steal perhaps since they have the ability to tighten the screws.
You think they don't have some tight contractual relationship with built in renewals and extensions? This is really similar to how corporations lock up retail real estate locations. They don't sign a 1 or 2 or even 5 year lease and then hope the landlord doeesn't rake them over the coals when there is no where else to go to. (Which could often be the case..) You build in renewal options as part of the deal. Those can last a long long time. May even have (probably does) a 'right of first refusal' and so on.