In this article, you will discover: The definition of breach of contract under Illinois law. The evidence needed to prove breach of contract. Whether you can recover attorney’s fees in a breach of contract case. What Is Considered A Breach Of Contract Under Illinois Law? Under Illinois law, a breach of contract occurs when someone does not uphold their end of a written or oral agreement. When someone fails to uphold their end of an agreement with you, that is considered a breach for which you can be compensated with damages or equitable relief from the court. What Evidence Do I Need To Prove A Breach Of Contract Occurred? First, you need to prove that you have a valid contract. The contract can be a verbal or written agreement. A valid contract requires an offer, acceptance and consideration. Second, you must prove there is some element of the…Read More
Types Of Liability To Watch Out For As a business owner, understanding the various types of potential liability is essential for protecting both your personal and business assets. General liability is one of these common risks faced by business owners, which include slip and fall accidents by visitors or customers on your property. General Liability insurance is a must for any business owner. This policy should be in the name of the business and generally covers major risks Product liability is also a risk if you manufacture or supply products, as you could be held responsible for defects or harm caused by your products. If your business involves delivery or transportation, auto liability is an obvious risk and you should consider auto liability coverage, especially if employees are driving on behalf of your company. Worker’s compensation insurance is essential if you have employees since it will cover any…Read More
Common Contract Mistakes New Business Owners Make One of the most common contract mistakes new business owners make in Illinois is failing to create a detailed and forward-thinking business plan. Many entrepreneurs dive into their businesses without carefully planning for the future, which can lead to legal and financial complications. A solid business plan is vital not just for the owner but also for accountants and attorneys, as it helps them craft contracts, agreements, and legal documents that align with the business’s long-term goals. Without this plan, businesses may find themselves unprepared for growth or legal issues that could arise months or years down the line. Another significant mistake is not seeking professional legal and accounting advice from the beginning. While there are many online resources offering generic legal forms such as promissory notes or operating agreements, these one-size-fits-all templates will fail to meet the specific needs of…Read More
As a business owner, protecting your company, trade secrets, and intellectual property are of utmost importance. Unfortunately, many of these risks are posed by your own employees who have confidential knowledge and information about your company. So how can you protect your business and ensure that proprietary information is kept secure – while still hiring the people you need to run your business? One answer can be found in restrictive covenants. Keep reading this article to discover: The differences between common types of restrictive covenant agreements. Some of the key components that you should include in an employment contract. How you can ensure that your restrictive covenants are more enforceable by considering two key factors. What Are Restrictive Covenants For Employment Contracts, And How Do They Limit An Employee's Actions During And After Employment? A restrictive covenant is a fairly generic term that encompasses a number of different…Read More
In this article, you can discover… The differences between an LLC and a corporation. The costs of beginning different types of businesses. How the size and nature of your business can influence structure. How Does An LLC Differ From A Corporation? Corporations are initiated by the filing of Articles of Incorporation with the Secretary of State, and there are numerous technical formalities that corporations must follow in order to be truly, legally incorporated. LLCs offer, in many cases, much of the same liability protections, but the formalities are fewer. They're generally easier and less expensive to set up. Finally, these two types of businesses may differ significantly in how they are taxed. Both corporations and LLCs have their advantages and disadvantages, and we’ll consult with you in each case to determine which business type works best for your particular situation and business goals. What Are The Benefits Of…Read More
In this article, you can discover: An overview of the different types of slip and fall claims An explanation of the proof required in slip and fall claims How an attorney can help you get the most out of your case What Are The Elements Of A Slip And Fall Claim? Slip and fall claims in Illinois generally fall under two categories: a negligence action or strict premises liability action. Each contains some small differences in the proof that is required, but the general idea is the same. Property owners have a duty to maintain their premises in a reasonably safe condition for anyone who is legally on the property. The outcome of slip and fall actions frequently depends on whether the actions of the plaintiff (the party that is injured) contributed to their injury. The answers to these questions can have a large impact on your case:…Read More
In this article, you can discover: How to file a breach of contract claim in small claims court The benefits of filing your claim in small claims court An overview of breach of contract claims in Illinois What Is Small Claims Court? Small claims court is a division within the circuit court system in Illinois where claims that fall under a certain monetary threshold are heard. The limit on how much money you can recover in small claims is usually $10,000. Parties frequently proceed without attorneys in small claims court and instead present their cases themselves directly to a judge. Why Would An Unpaid Contractor Utilize Small Claims Court To File A Breach Of Contract Lawsuit? If the amount of money you’re seeking falls within the limits, small claims court could be a great option. Small claims court can be efficient and beneficial because the parties can speak…Read More
In this article, you can discover: The requirements for filing a mechanic’s lien Reasons a contractor might not qualify for a mechanic’s lien Legal options for contractors who are unable to seek a mechanic’s lien What Are The Requirements For Filing A Mechanic’s Lien In Illinois? The most important requirement for filing a mechanic’s lien is abiding by the time parameters set by law. Notice must be provided to the opposing party within 60 to 90 days after substantial completion of the work, depending on the circumstances. The law governing mechanic’s liens is a highly technical statute. You should consult with counsel about the facts of your case to assess whether filing a mechanic’s lien is the best plan of action. Ideally, you should have a written contract and be within the legal timeframe to provide notice. Your attorney will then file the appropriate paperwork to assist you…Read More
In this article, you can discover: Common reasons contractors fail to get paid Ways contractors can protect themselves from being unpaid Legal options for contractors seeking payment for completed work What Are Some Common Reasons Contractors Fail To Receive Payment For Their Services? Disputes over performance are the most common reason contractors fail to receive payment. These disputes between owners and contractors usually arise because the original contract is not as clear as it could have been. Before any project begins, there should be a clear written contract in place explicitly outlining the following terms: The scope of the work, The price, The timeline for completing work, The timeline for payment, and The expectations for communication between the parties. What Are The Options For A Contractor Who Hasn’t Been Paid? If you are worried about how you’re going to get paid or how long it’s going to take,…Read More
The moment of a fall can be terrifying, but sometimes the fear continues well after a fall, especially when you have been severely injured. If you were injured as a result of a slip or trip and fall, you might be wondering whether you need to get medical treatment, and who is going to pay for your medical bills. You might also have concerns about your recovery, your job, your finances, or your family. This article will provide an overview of slip and fall and trip and fall accidents. Keep reading to discover: What situations frequently lead to slip and fall or trip and fall incidents. The most common types of injuries that result from a slip and fall or trip and fall accident. What steps you should take immediately after an injury from a slip and fall or trip and fall. What Are The Most Common Causes…Read More