Owning an Illinois business with a partner can be one of the most rewarding experiences. Unfortunately, sometimes, an internal dispute might arise. There are a few ways you can resolve things. Partnership agreement Although this is only an option for settling...
Tortious interference in Illinois is a type of tort that involves an interference with a business contract. A plaintiff files a claim against a defendant who intentionally undermines a contract or business relationship and causes economic damages. The tort of...
Non-compete mistakes employers should consider Illinois businesses commonly require their employees or parties from whom they purchased a business to sign non-compete agreements. The contracts help companies protect trade secrets, client lists, and other critical...
While you may consider yourself a good business partner, you never know what kind of situation in which you might find yourself. Partnership disputes can arise for many different reasons, so preparing for the worst-case scenario is essential. This article will discuss...
It can be a nightmare for any company when a recently terminated employee serves them with notice of their intent to file a wrongful termination lawsuit against them. If this happens to your company, knowing the allegations that the lawsuit is likely to be based on...
There’s a lot that goes into running a successful business. You probably have some sensitive information about your processes, recipes, designs or clients that would ruin or seriously harm your business if it were to fall into the hands of a competitor. With employee...
Launching and successfully operating a business in the Chicago metro area without clearly drafted contracts presents significant challenges. Business agreements should outline expectations, rights, and duties. Without clear contracts, a company may flounder. Indeed,...
No one forms a business expecting that one of the partners will walk away. However, this happens all the time. One partner may have had enough and does not want anything to do with the business anymore. Sometimes, differences in business philosophy can lead to a...
Hundreds of thousands of new companies are started each year, and between 30% and 40% of them fail. In other words, between 30% and 40% of new small businesses are liquidated and the investors lose all or most of their money. If you define failure as failing to reach...
Hundreds of thousands of new companies are started each year, and between 30% and 40% of them fail. In other words, between 30% and 40% of new small businesses are liquidated and the investors lose all or most of their money. If you define failure as failing to reach...