Unlike an irrevocable trust, a revocable trust can be modified, amended, or revoked upon the wishes of the trustor.

What is the Difference Between a Revocable and an Irrevocable Trust in Illinois?

There are many benefits to setting up a trust, and a wide variety of trusts can be created, depending on your objectives. These legal instruments fall into two primary categories — trusts can be either revocable or irrevocable. Although both types… Read More
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Categories: Trust Litigation
Portrait of attractive smiling business team searching for an alternative business dispute resolution. Concept for Can Alternative Dispute Resolution Be Used to Resolve Breach of Contract Cases?

Can Alternative Dispute Resolution Be Used to Resolve Breach of Contract Cases?

Most people think of litigation when it comes to resolving breach of contract matters — but it’s important to be aware that other options exist. Alternative dispute resolution methods such as negotiation, arbitration, and mediation can help parti… Read More
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Categories: Business Dispute
Study of the legal component for the development of a business process. Concept for breach of contract lawsuit.

Remedies Available in a Breach of Contract Lawsuit

A breach of contract lawsuit can result in significant financial losses for a company, as well as reputational harm, and other damages that are difficult to quantify. Fortunately, a wide variety of damages are available to an aggrieved party who prev… Read More
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Categories: Business Dispute
Businesswoman raising fists with ambition looking forward to city building urban scene through glass window concept for How to Start an LLC in Illinois.

How to Start an LLC in Illinois

If you’re an entrepreneur, selecting an entity type for your company is one of the most important decisions you will make. For many small business owners, a limited liability company (“LLC”) is the ideal business structure due to the flexibilit… Read More
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Trade Secret Protection in Illinois

Trade secrets are some of the most valuable assets a business can possess. Critically, the Illinois Trade Secrets Act offers a broad scope of protection to businesses when it comes to their confidential trade secret information. While one of the most… Read More
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Categories: Business Litigation
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Are Non-Compete Agreements Allowed in Illinois?

Companies that use non-compete agreements and restrictive covenants should be familiar with several recent changes that occurred in Illinois law. While the Illinois Freedom to Work Act previously only applied to non-compete agreements for low wage wo… Read More
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Close up of unrecognizable businessman holding his fingers crossed while shaking hands with his colleague. Concept for Fraudulent Misrepresentation in Business.

Fraudulent Misrepresentation in Business

Most business transactions are solidified with a contract that specifies the terms agreed upon by the parties. It’s crucial that parties act in good faith when entering into an agreement — whether it be documented in writing or verbally. Unfortun… Read More
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Categories: Business Fraud
Stressed business man covering face with hands in office. Concept of being served with a lawsuit for breaching a contract.

Defenses to Breach of Contract Claims

Breaches of contract are some of the most common business disputes that can arise. Since agreements are central to every business transaction, nearly every entrepreneur will face this type of claim at some point. Putting an agreement in writing is cr… Read More
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Categories: Business Dispute
Equitable Remedies in Illinois Business Litigation concept.

Equitable Remedies in Illinois Business Litigation

In business litigation, monetary damages do not always address the full extent of a plaintiff’s damages. Illinois courts may award equitable remedies in lieu of — or in addition to — a legal remedy. Although a legal remedy may be appropriate to… Read More
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Categories: Business Dispute
View at financial details in table thru magnifying glass close-up looking for business fraud.

Can You Bring a Lawsuit for Business Fraud in Illinois?

Fraud can have a serious impact on your business and its bottom line. It can cause owners and investors to lose millions, injure the reputation of the company, and devalue the business. Whether the fraud was carried out by another business, a vendor,… Read More
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Categories: Business Fraud