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Joel M. Simon, a senior member at Smith Mazure Director Wilkins Young & Yagerman, writes that General Obligations Law �5-321 will not be applicable where the lease agreement clearly demonstrates that the parties were both sophisticated and that the agreement was drafted at arm's-length with the intent to indemnify, in whole or in part, the lessor.
November 07, 2007 at 12:00 AM
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