Many employers will ask all of their new employees to sign a non-compete agreement. These contracts seek to limit any competition the employer will likely face from any previous employees who have intimate knowledge of how their business operates, and as a result, are in a great position to steal customers, clients, and even other […]
Understanding the Basics of Non-Compete Clause Read More »
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?
Alternative Dispute Resolution & How It Works Read More »
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
What is a Contract Default? Read More »
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.
Memorandums Of Understanding vs Contracts Read More »