Chicago Urban Skyscrapers in finance district concept for: What is a Derivative Action for Corporations or LLCs?

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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Two businesswoman sitting in office shaking hands. Concept for Avoiding Business Disputes Between Partners

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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Cropped shot of a group of businesspeople putting their hands together in a huddle Concept for: Unjust Enrichment versus Quantum Meruit Claims: What's the Difference?

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
Female lawyer holding document and speaking to jury in courtroom concept for timeline of a litigated business dispute.

Timeline of a Litigated Business Dispute

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 u… Read More
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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
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
Two businesspeople standing face to face partnership dispute attorney

Options for Resolving Partnership Disputes

When partners start a business together, they have the best intentions — and rarely expect conflict to arise. Unfortunately, there are many reasons partnership disputes can occur during the course of doing business. Differences of opinion, miscondu… Read More
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Categories: Business Dispute
If you are in a business relationship without a written contract do you know your legal remedies for business disputes?

Can You Pursue a Legal Remedy in the Absence of a Written Contract?

When a party enters into a business deal with another individual or company, it’s always best to have an enforceable contract in place. But in cases where a written agreement does not exist — or a contract is not legally enforceable for some reas… Read More
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Categories: Business Dispute