Business, Contract

The parties renegotiate a contract for an outdoor advertising sign that is interfering with the property owner’s ability to sell his property. The original contract was of questionable validity. The Landowner needs to sell his property due to age and financial considerations and the advertising company needs to continue this lease due to its prime location near the Indianapolis Motor Speedway. Agreed to terminate the contract at the conclusion of the racing season immediately following any future sale of the property. The sign company reserves the right to renegotiate with any purchaser. (DLR)