Premises Office Share With Manager In Illinois
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Description
The Premises Office Share with Manager in Illinois is a legal agreement designed for attorneys or professionals seeking to collaboratively utilize office space. This form outlines the sharing of a specific premises, including the associated furniture and equipment, for their respective practices. The agreement specifies the duration of the arrangement, with provisions for termination requiring a 45-day written notice from either party. Key features include the division of monthly expenses based on gross earnings, detailing shared costs such as rent, utilities, and office supplies, while excluding individual expenses like insurance and telephone bills. The agreement clarifies the non-partnership relationship between the parties and delineates the ownership of the space and equipment. Additionally, it restricts use to legal practice only and prohibits unauthorized assignment of interests. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it offers a clear framework for office sharing, minimizing potential disputes while maximizing resource efficiency.
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