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Winning a case requires knowledge of the law in addition to hiring a good lawyer. To take out some of the stress surrounding civil disputes about civil disputes, below is an overview of these terms and processes to help you understand what they mean and how they can benefit you. What Is a Civil Dispute? Simply, a civil dispute is a dispute between two or more parties involving the respective parties’ rights or obligations. These…
A legal contract outlines the obligations of each party to the contract. Each party to the contract relies upon the other for the fulfillment of obligations under the contract. For instance, an independent contractor agreement requires the independent contractor to fulfill his or her obligations on an agreed task or role. The company pays the independent contractor when he or she fulfills the role or task obligations. In cases where either party violates any provision…
Have you ever dreamed of starting a business but had to back off because of fear, a lack of knowledge, risks, or possible legal consequences? You were probably confused about which type of business structure to adapt in the first place. Many have trodden the same path before, only to realize they would’ve cleared their confusion if they consulted a business lawyer. In this article, I’ll guide you through the various types of business structures…
Illinois business and contract law attorney Danya Shakfeh explains how to assess risk in a business transaction. She explains key terms you should review in a contract including covenants (promises), warranties, and liability capping. (Video length: 3 minutes, 58 seconds) The post This is How You Assess Risk in Business | Illinois Business Lawyer first appeared on Shakfeh Law LLC.…
It’s easy to confuse a contract with a memorandum of understanding (MoU). After all, both talk about agreements, and they’re made between two or more parties. In this article, we’ll clarify the difference between the two so you’ll know exactly which one to use for your upcoming deal. Defining Each Aspect Let’s start with a brief definition for each. Memorandums of Understanding A memorandum of understanding (MoU) is a written document that describes the agreement…
It’s easy to confuse a contract with a memorandum of understanding (MoU). After all, both talk about agreements, and they’re made between two or more parties. In this article, we’ll clarify the difference between the two so you’ll know exactly which one to use for your upcoming deal. Defining Each Aspect Let’s start with a brief definition for each. Memorandum Of Understanding A memorandum of understanding (MoU) is a written document that describes the agreement…
Illinois business and contract law attorney Danya Shakfeh explains what business lawyers actually do. In sum, business lawyers do three things: 1) create a legal protection strategy, 2)a business lawyer should not create an adversarial relationship when it is not called for (and should also manage a situation when there is an adversarial relationship) and 3) do not mirror their clients’ emotions. Watch the video for full details. (Video length: 2 minutes, 5 seconds) The…