Articles Posted in Business Dispute

Contracts are fundamental to every business relationship. They define each party’s rights, responsibilities, and obligations in a transaction — and help prevent misunderstandings. When contracts are poorly drafted or fail to address all possible issues, breaches may occur that can result in both parties incurring significant costs and consequences. Here are several tips to keep…

Although Illinois is an at-will employment state, contracts are a crucial component of the employer-employee relationship. An employment contract can set forth the rights of both parties, outline an employee’s pay and benefits, and state the terms and conditions of employment. These documents can have significant legal implications and it’s essential to ensure that they…

From conflicts with partners to breaches of contract, every business owner can expect to encounter a dispute at some point. Legal disputes involving your company can be costly and time-consuming — and it’s important to identify and address these matters as soon as they arise. While a knowledgeable business dispute attorney can answer your questions…

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 officers and directors by ensuring accountability when those in control fail to…

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 difficult scenarios arise, the company’s future and its bottom line can be placed at risk. It’s important…

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 should there be a conflict. Quantum meruit and unjust enrichment…

A business dispute can be seriously disruptive to your company’s operations and bottom line. One of the first questions you might have if you’re facing litigation is how long your case will take to resolve. Importantly, every commercial case is unique and involves a different set of facts and circumstances. There is no specific timeline…

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 parties in a commercial conflict settle their disagreements outside the courtroom. In many cases, these processes can be…

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 prevails in a breach of contract lawsuit. Depending upon the specific facts and circumstances of…

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 workers earning less than $13 per hour or minimum wage, a new amendment has created a higher compensation threshold.…