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Jordan & Zito | Attorneys At Law
  • Home
  • Practice Areas
    • Business And Commercial Law
    • Business Bankruptcy And Loan Workouts
    • Contracts, Agreements And Documentation
    • Partnership And Investor Law
  • About
    • Mark Zito
    • Greg Jordan
  • Blog
  • Contact
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Chicago-Area Business And Commercial Litigation Legal Blog

How will a Trump Administration impact noncompete agreements?

On Behalf of Jordan & Zito | Nov 14, 2024 | Employment Contracts

The dust from the election is still settling, but it appears likely that President Donald Trump will be the next leader of our nation. With new leadership, often comes a change in laws that can have a direct impact on our economy. When it comes to businesses, one of...

Understanding Chapter 11 Bankruptcy in 2024

On Behalf of Jordan & Zito | Aug 26, 2024 | Business Bankruptcy

Economic downturns in 2024 are causing people to spend less money, significantly impacting businesses. Although the COVID-19 pandemic has ended, its aftermath has led to sudden and substantial declines in business activity. Many companies need help to recover as...

The FTC votes to ban most noncompete agreements

On Behalf of Jordan & Zito | May 20, 2024 | Employment Contracts

On April 23, 2024, the Federal Trade Commission (FTC) by a 3-2 party line vote made a bold move that ended noncompete agreements in all but exceptional cases. These agreements have long prevented workers from moving to rival firms or starting similar businesses for a...

The purpose of a force majeure clause in a contract

On Behalf of Jordan & Zito | Feb 22, 2024 | Employment Contracts

Many Illinois contracts contain a force majeure clause. French civil law is the origin of force majeure, but that many jurisdictions worldwide now use the concept. The purpose of force majeure The purpose of force majeure is to relieve certain parties of their...

What to do about an anticipatory breach

On Behalf of Jordan & Zito | Nov 21, 2023 | Partnership Law

An anticipatory breach occurs when the party who agrees to deliver goods or services notifies the other party that it will not perform, i.e., deliver the goods or services by the date specified in the parties’ contact. Illinois law allows for several remedies in the...

What are the options for resolving a partnership dispute?

On Behalf of Jordan & Zito | Aug 22, 2023 | Business Dissolution, Partnership Law

In Illinois, business partners can have disputes for various reasons, and dispute resolution methods can materially affect the partners’ business relationship. In some cases, the partners may want to preserve their status and continue with the business while other...

What to know about selling your business

On Behalf of Jordan & Zito | May 23, 2023 | Business Dissolution

Selling your Illinois business may allow you to secure your financial future, whether you plan on retiring or simply starting a new chapter in your life. Liquidating your business may also be ideal if you don't think it has room to grow from a profit or revenue...

Bed Bath & Beyond escapes bankruptcy, for now

On Behalf of Jordan & Zito | Feb 24, 2023 | Attorneys Legal Advice

Illinois residents who follow business and financial news will probably be aware that Bed Bath & Beyond came close to fining a Chapter 11 bankruptcy in January. The company escaped that fate because it managed to negotiate a $1 billion bailout package. The deal...

Facts about DIP financing in Illinois

On Behalf of Jordan & Zito | Nov 24, 2022 | Business Dissolution

When a business has financial trouble and considers bankruptcy, it will have two ways of finding money to pay its creditors. One of those options involves Debtor-in-Possession (DIP) financing, which can be helpful for both a business debtor and its creditors. What is...

How to handle an anticipated breach in Illinois

On Behalf of Jordan & Zito | Aug 30, 2022 | Partnership Law

Any business transaction’s success depends on the parties meeting their contractual duties. Unfortunately, sometimes one party agrees to do something but acts in a way that suggests otherwise. That party’s behavior can make it difficult for you to trust them and may...

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