Do Contracts Need To Be In Writing? | Illinois Contract Lawyer
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Alternative Dispute Resolution & How It Works
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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What is a Contract Default?
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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This is How You Assess Risk in Business | Illinois Business Lawyer
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)
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What Type Of Business Should I Start? A Legal Perspective On Business
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
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Memorandums Of Understanding vs Contracts
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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What Does a Business Lawyer Actually Do? | Chicago Business Attorney
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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