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. […]
Memorandums Of Understanding vs Contracts Read More »
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
What Does a Business Lawyer Actually Do? | Chicago Business Attorney Read More »
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
Profit Sharing Tips for Illinois Businesses Read More »
Attorney Danya Shakfeh interviews Ayat Shukairy, co-founder Invesp. Ayat is a recognized expert on marketing strategy and an in-demand speaker who has presented at marketing conferences throughout the world. Danya and Ayat chat about how Ayat founded her company, how she taught herself conversion optimization (CRO), how life challenges affected her business, and imparts advice
Everyday Business Podcast: Episode 1 – The Self Taught Entrepreneur Read More »
For any business owner, it is imperative that all agreements related to the company are put in writing in order to protect his or her rights and interests. However, business contracts are important for outlining the expectations of the parties on all sides, whether a business, vendor, or employee. In simple terms, a contract is a legal document that
What Is Involved in the Business Contract Review Process? Read More »
As a business owner or an employee, it is important to understand the contracts you are signing, whether you are a new employee accepting a job or an employer offering a job. Regardless of your level or position at the company, you should not overlook the details of any contract. Business contracts can be complicated with a lot
Understanding the Terms of a Non-Compete Agreement in Illinois Read More »
If you are considering selling your company, it is important to understand the few ways that this can occur. Maybe you wish to fully sell or perhaps you would like to continue owning a certain number of shares to stay connected to your business. Whatever route you are leaning toward, it is a good idea to
Stock Sale Versus Asset Sale in a Business Acquisition Read More »
Many business professionals dream of owning a business, but they may not want to start from scratch. While entrepreneurialism is a common way to own a business, it can also be daunting and risky. Building a business from the ground up involves much more than just coming up with a product or service. A business
What Are the 3 Stages of Purchasing a Business in Illinois? Read More »
Illinois businessmen and businesswomen who would like to own their own business have two options: start your own business or buy someone else’s. There is a certain sense of pride that comes along with becoming an entrepreneur, formulating your own business idea, and starting from the ground up. However, people often forget the number of benefits that come
4 Practical Considerations for Buying a Business in Illinois Read More »