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What is a Purchase Agreement for a Business?

The process of selling or purchasing a business can be complex. While there are many legal documents that may be involved in the transaction, the terms, conditions, and provisions that go into a business purchase agreement are critical. Read More
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LLC Member Oppression Claims

When a multi-member LLC is formed, members usually have the best intentions. But disputes can sometimes arise when members don’t agree on how the business should be operated — or members with a controlling interest engage in conduct that is oppre… Read More
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Young successful smiling african businessman holding dollars as a concept for Litico Law Group's business attorneys provide representation and counsel for enforcement of judgment in Illinois, including out-of-state judgments.

How Do You Enforce an Out-of-State Judgment in Illinois?

If your business has prevailed in a lawsuit and you were awarded a judgment against a supplier, customer, or another company, the next step is to collect the amount you are owed. But you might be wondering how to collect on a judgment if it was issue… Read More
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What is a Derivative Action for Corporations or LLCs?

Directors and officers of a corporation, as well as managers and members of an LLC, must always act in the best interests of the company. A derivative lawsuit is a mechanism that can be used to protect shareholders from abuse by a corporation’s off… Read More
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Businessmen expressing their praise for an achievement or good wishes on a special occasion of new contract or mutual agreement. Concept for Attorneys’ Fees in Shareholder Oppression Cases

Attorneys’ Fees in Shareholder Oppression Cases

Shareholder oppression occurs when the majority shareholders or directors of a nonpublic corporation act in a manner that is oppressive, fraudulent, or illegal toward the minority shareholders. Such actions can be detrimental to individual minority s… Read More
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Categories: Business Litigation
5 Things to Know About Ch…

5 Things to Know About Challenging a Trust in Illinois

Trusts can be an effective way to bequeath property and assets to loved ones while avoiding the stress and cost of the public probate process. However, there may be instances where a trust might be challenged in court. If you are considering contesti… Read More
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Categories: Trust Litigation
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Steps to Take if Business Litigation is Anticipated

During the course of doing business, disputes are not uncommon. Whether it’s a breach of contract, intellectual property matter, conflict between partners, or disagreement over finances, a commercial dispute can be time-consuming and costly. Howeve… Read More
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Categories: Business Litigation
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Avoiding Legal Disputes Between Business Partners

Business partnerships can come with many benefits and help owners accomplish much more than they would as a sole proprietor. But partners will rarely agree on everything all the time, and business disputes are not uncommon. Unfortunately, when diffic… Read More
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Challenging a Trust for Lack of Capacity or Undue Influence

A trust can be a powerful tool to safeguard a settlor’s assets and reduce tax consequences for their loved ones. While these instruments can ensure the settlor’s property is protected and their wishes are met, it’s important to understand that… Read More
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Categories: Trust Litigation
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Unjust Enrichment versus Quantum Meruit Claims: What's the Difference?

Contracts usually outline the terms of a deal and provide a legal remedy in the event there is a dispute. However, under Illinois law, a party may still be entitled to commence a legal action in the absence of a contract to recover their damages shou… Read More
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Categories: Business Dispute