Attorney: Alan P. Fox, Esq.
**Results may vary depending on your particular facts and legal circumstances**
On behalf of a landowner of vacant land, formerly used as a chicken farm, located in Cumberland County, New Jersey, Alan P. Fox, Esq. negotiated an option to lease and land lease agreement with a developer regarding a utility scale electric battery storage facility. The material terms of this agreement included, among others, definition of “permitted uses”, a rental fee with an escalation clause, the decommissioning of the facility upon early termination or expiration of the term, posting of security to cover the cost of decommissioning, various types of insurance coverages and conditions related to an assignment of the agreement by the developer.
Please contact Alan P. Fox Esq. should you require legal assistance with a lease or purchase agreement related to electric battery storage facility located in New Jersey.
