Alternative Dispute Resolution (ADR) refers to any method of settling a dispute outside a courtroom. ADR includes mediation, negotiation, reconciliation, and arbitration. Settling outside of the courtroom has many benefits, including faster settlements, lower costs of litigation, and more control for the parties involved to find a solution. What Is Alternative Dispute Resolution or ADR? […]
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A legal contract outlines the obligations of each party to the contract. Each party to the contract relies upon the other for the fulfillment of obligations under the contract. For instance, an independent contractor agreement requires the independent contractor to fulfill his or her obligations on an agreed task or role. The company pays the
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Illinois business and contract law attorney Danya Shakfeh explains how to assess risk in a business transaction. She explains key terms you should review in a contract including covenants (promises), warranties, and liability capping. (Video length: 3 minutes, 58 seconds)
This is How You Assess Risk in Business | Illinois Business Lawyer Read More »
Have you ever dreamed of starting a business but had to back off because of fear, a lack of knowledge, risks, or possible legal consequences? You were probably confused about which type of business structure to adapt in the first place. Many have trodden the same path before, only to realize they would’ve cleared their
What Type Of Business Should I Start? A Legal Perspective On Business Read More »
It’s easy to confuse a contract with a memorandum of understanding (MoU). After all, both talk about agreements, and they’re made between two or more parties. But what’s the difference between the two? While both documents set expectations in a relationship, a contract is a legally binding document, while the Memorandum of Understanding is not.
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Illinois business and contract law attorney Danya Shakfeh explains what business lawyers actually do, what makes a business lawyer good at what they do. In sum, the hallmarks of good business lawyers are: 1) creating a legal protection strategy, 2) not creating an adversarial relationship when it is not called for (and should also manage
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Rami built a luxury car dealership from the ground-up starting at the tender age of 17. He talks about his early days and how he sold cars on eBay well before e-commerce was common. CHECK OUT RAMI\’S INVENTORY: https://www.diamondmotorworks.com/
Everyday Business Podcast: Episode 2 – Entrepreneur from Teenhood Read More »
If you have an entrepreneurial spirit, you may have dreamt of being your own boss someday or building a company from the ground up. Starting your own company or going into business with a partner is a major endeavor, not to be taken lightly. In a business partnership, you and your partner can split the profits any
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