Small business owners often struggle to collect their accounts receivable. Sometimes debtors actually dissolve their businesses in order to avoid paying creditors and then re-open later under a new or slightly different name. Frustrated creditors […]
Be careful what you write in emails – your opponent might read them someday.
Does your business file UCC financing statements? If so, then you should know about the newest amendment to the Illinois Uniform Commercial Code. When properly executed, a financing statement secures a creditor’s interest in a […]
The Illinois Supreme Court ruled on October 21, 2010 that a trial was necessary to determine whether the Vice President of Earth Foods was a “surety” entitled to the protection of the Illinois Sureties Act […]
The Second District Illinois Appellate Court has upheld a ruling by a Lake County trial court that dismissed a buyer’s complaint seeking a refund of a $100,000 deposit to purchase a $1.75 million home in […]
Employers in competitive markets often require their employees to sign employment contracts with non-compete covenants. In general, these covenants prohibit the employee from accepting a similar job with a competitor for a period of time after they […]
A recent decision by the Seventh Circuit U.S. Court of Appeals emphasizes the importance of carefully drafting contract modifications to avoid ambiguity. In Curia v. Nelson, (Nov. 20, 2009), the parties disputed the terms of a […]