A lawsuit has been filed by an aircraft manufacturer alleging that former employees illegally sent trade secrets to a competitor. Business owners and entrepreneurs in California might be interested in the specifics of the case, which raises issues of intellectual property policing and protection. Prior to the filing of the lawsuit, the CEO of the plaintiff company attempted to resolve the dispute twice by sending letters to officials at one of the defendant companies.
Commercial real estate in California and the rest of the country has been resistant to incorporating change in how it does business. However, proptech, or real estate technology, is beginning to transform the industry.
It isn't uncommon for a business owner to have some leeway in negotiating the terms of a commercial real estate lease. However, how much leeway it will have depends on market conditions. For instance, if most buildings in California are occupied, the landlord will likely be less willing to make concessions. On the other hand, if a landlord has many vacancies, it may be easier to get favorable terms.
California business owners often strive to expand their commercial spaces. This may be office space, a warehouse or whatever else fits their needs. Prior to doing so, it is a good idea to locate an area in which to start looking for a property. Ideally, it will be in an area that is close to major highways and otherwise convenient for people to get to.
Tech startups are taking up increasing numbers of office spaces in California. Since 2017, tech companies have accounted for 42 percent of the square footage in leased commercial spaces in North America. That amount is double the percentage of the financial industry.
Those who start businesses in California do so with the hope that their organizations will grow. One consequence of a growing business may be the need for a larger office, warehouse or retail space. Ideally, business owners who negotiate commercial leases will negotiate clauses that make it easier to get out of them before they expire. It may also be a good idea to ask for a short-term lease if a landlord doesn't want to negotiate an early out provision.