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Lease Options for Renewal, Contracts

Lease contracts, whether they be residential or commercial, will often have an option provision where a tenant can automatically renew the lease-term for some period of time. Subject to the terms of the contract/lease, a tenant’s renewal must indicate a definite and unqualified determination to exercise the option. Behlman v. Weeks, 150 S.W.3d 153, 156 […]

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Corporate/Business Shareholder Preemptive Rights, Options

With Missouri corporations — both closely held and public — one of the major issues that must be addressed is whether stockholders are entitled to preemptive rights. Simply speaking, preemptive rights allow stockholders to purchase stock in future sales of stock, thus allowing them to maintain their ownership percentage in the corporation. For instance, if […]

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