Pato O’Ward signs extension with McLaren through 2025
The deal includes a pay raise, a McLaren for O’Ward’s personal use and potential opportunities for the 23-year-old with McLaren’s Formula One team.
Contracts
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Kite Realty sues Oceanaire, Mattress Firm over rent disputes
In both of the suits, Indianapolis-based Kite claims that the retail tenants are in default on their leases because they didn’t pay rent in April, May or June.
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Free rides on IndyGo’s Red Line extended through end of November
This is the second time IndyGo has extended the free period on the Red Line, which was originally set to begin collecting fares Oct. 1. IndyGo said its new ticketing system from vendor Flowbird isn’t yet ready for use.
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Articles
Public access counselor: IU violated Open Door Law with McRobbie contract
In a nine-page advisory opinion issued Monday, Indiana Public Access Counselor Luke Britt agreed with the complaint filed by Steve Sanders, who is a tenured IU Maurer School of Law professor.
Tech firm Ironclad lands $150M in investment, plans to grow Indianapolis office
Ironclad, which allows users to negotiate, sign and manage online contracts, established a local presence when it acquired Indianapolis-based PactSafe a year ago.
NCAA, broadcaster in contract dispute over COVID cancellation of 2020 March Madness
That case gets to the heart of much litigation that began in 2020: When COVID-19 leads to a contract being broken, what can be recovered and what must be forgiven?
Indianapolis Symphony Orchestra, musicians reach one-year agreement
ISO leadership and the musicians released a joint statement on Tuesday announcing the new contract, which runs through Aug. 29.
State’s contractor faces big test as it ramps up contact tracing effort
Washington, D.C.-area-based Maximus is taking on a critical, massive assignment: helping health departments across Indiana contact people who have tested positive for COVID-19 to learn whom they might have exposed.
Beyond COVID podcast: Renegotiating in the midst of the coronavirus
Charlotte Westerhaus-Renfrow—an assistant professor of law and management at the IU Kelley School of Business—details negotiating techniques like “slicing the salami” and “taking it to the balcony” and explains the most important thing you need to know as you get started.
The pandemic has forced lots of business owners to renegotiate leases, contracts. Here’s how to do it.
There’s a right way and a wrong way to approach negotiations, whether for a vendor contract, a lease or with a customer. The first step is determining where you stand.
Retail landlords weigh tenant-relief requests
Local landlords say they’re willing to offer relief to some of their retail tenants who’ve been hit hard by coronavirus-related closures—but the amount of relief, if any, varies depending on circumstances.
Disparity study says minority, woman-owned businesses underutilized in city contracting
The city of Indianapolis released a study Thursday that looks at disparities minority-owned businesses face as part of the city’s business-contracting processes.
Managers planning changes after winning city golf course contracts
Changes are in the works for several city-owned golf courses, after the Indianapolis Parks Department agreed to new, 10-year management contracts that are awaiting approval from the City-County Council.
Colts’ challenge: Pay up for Luck without emptying coffers
The Colts want to avoid past mistakes, when the team devoted so much of its salary cap to Peyton Manning that it took a herculean effort to build a solid roster around him.
Republic, Purdue team up to bolster pilot ranks
The company says the shortage is partly to blame for its decreased profits, and the university fears the low pay that’s driving the shortage could threaten student interest in its professional flight school.
Republic on quest to quell pilot strife
A years-long contract dispute between the airline, officially Republic Airways Holdings Inc., and the labor union that represents its pilots has grown bitter under the stress of a new lawsuit.
Work rules split pilots, Republic
Republic Airways Holdings and the union that represents its pilots are so far apart in contract talks that the National Mediation Board in Washington, D.C., won’t schedule more meetings between the parties. Republic has agreed to higher pay, but the union wants significant changes to work rules that affect quality of life and, the union insists, passenger safety.
Allison Transmission workers approve labor contracts
More than 1,500 hourly workers in Indianapolis ratified new five-year contracts, the automotive supplier announced Thursday.
Allison Transmission workers may strike this week
Members of United Auto Workers Local 933, which represents roughly 1,500 hourly workers, could declare a strike if negotiators do not reach an agreement with Allison Transmission by a Wednesday deadline.
Hostess mulling Indiana plant closures after walkout
A Hostess spokesman said the company is debating whether it will close its Indiana plants after workers went on strike on Friday. Hostess employs about 875 workers in Indiana, including 288 in Indianapolis.
ISO must raise $5M in less than four months, according to deal
The Indianapolis Symphony Orchestra has until Feb. 3, 2013, to collect $5 million—almost as much as it typically raises in a full year–or its five-year agreement with its musicians that’s set to kick in the following day will be nullified.
Symphony standoff might fray local support
The Indianapolis Symphony Orchestra’s decision to cancel the first two weeks of its season and lock out musicians could carry long-term risks in alienating subscribers and donors, observers say.