Purchasing a business offers the advantage of not having to build a company from the ground. A business acquisition gives the new owner the capacity to operate from day one and have more probability of immediately receiving profit. Before buying a business, be aware of these 10 red flags that may affect your acquisition. 1. …
Attorney Shakfeh recently published an article in the Illinois Star Bar Journal about a recent court case, District of the Illinois Appellate Court’s September 2020 decision in Metropolitan Capital Bank & Trust v. Feiner, and the court’s the standard of fraud and how practitioners can be advise their clients when in a situation related to …
(This post is part of a series on starting a business. This page will continue to add links as we I add more content.) COVID-19 is hitting businesses hard and wreaking havoc on the economy. As businesses and their employees are enduring mass layoffs, many are uncertain about what the economy’s status will be after this …
Covid-19 and the SARS-CoV-2 virus have not only wreaked havoc on people’s health, but also on businesses. One common question during this difficult time is whether contracts are still enforceable, especially in light of travel restrictions and social distancing measures. Additionally, because many businesses are losing revenue, they are unable to otherwise honor contracts. So …
Dear family, friends, colleagues, and anyone who reads this. I need your help. The Covid-19 Crisis is a difficult time for all of us. We are either concerned about the health of our loved ones, our livelihood, our children’s education, or all of the above. That all said, we should still be vigilant about how our …
Do Not Strip the Rights of Children with Disabilities During Covid-19 Crisis Read More »
As a contract lawyer, many clients ask me if their contracts are legally binding. By definition, if an agreement meets the requirements of a contract, then the contract is legally binding. Further, contracts are legal documents by their nature. So what makes a contract binding and enforceable? And what are some factors that make a …
Contract negotiations sound intimidating. Whether you hire a contract negotiation lawyer or negotiate on your own, there are many strategies you can utilize to get the most favorable terms for your contract. However, any contract lawyer will tell you that the negotiation process starts early. Many clients come to me after having already ‘negotiated’ their …
Who enforces contracts? Judges. Ultimately, when it comes down to it, it is judges who enforce contracts. This is why it is important to involve a contract negotiation lawyer when drafting and negotiating your contract. The reason why we enter into contracts is to make sure that we have certain rights in a relationship. I …
Danya Shakfeh has been selected as a Rising Star by Super Lawyers once again for the 6th year in a row. The Rising Stars list recognizes lawyers 40 years old or younger or in practice for 10 years or less, and includes no more than 2.5 percent of attorneys in Illinois.
If you read your contract carefully, you may find a clause that reads something to the effect of: Automatic Renewal. This Agreement shall be automatically extended for one additional year, unless on or before [DATE] (for the initial term), either Party provides to the other written notice of its desire not to terminate this Agreement …