Business Law
Naperville Business Lawyer on Coming Up With a Business Idea in 2019
Posted on January 3, 2019
New Year’s resolutions have long been a way for people to motivate themselves into doing something positive. Many people, for example, make a New Year’s resolution to lose weight or start going to the gym. Others commit to going back to school or spending more time with family. It is also common for would-be entrepreneurs to resolve to put their ideas for new businesses into action in the coming year. But, where do these ideas come from and how does one know if an idea is good enough to build […]
Naperville Business Lawyer on Meeting Customers’ Changing Needs
Posted on February 22, 2018
When you own and operate a business, you have many priorities, but your customers’ satisfaction should be at that top of that list. Without customers, there is no business. Over time, the needs and desires of your customer base may evolve—sometimes quite dramatically—and it is crucial for your company to change to meet their developing needs. As a business law attorney and a small business owner myself, I know how difficult it can be for some companies to embrace change. Those that cannot or will not, however, risk being left […]
Naperville Business Attorney Discusses Tariff Engineering
Posted on October 27, 2017
In the popular Marvel movie franchise, the “X-Men” are a group of superheroes whose powers are the result of genetic mutations. A large part of the films’ storyline focuses on the debate over whether these mutants have the same rights as regular, “non-mutant” people, leading many to view the theme as an allegory for discrimination on the basis of race, gender, and sexual orientation. But, did you know that in the real world, Marvel takes the opposite position regarding the humanity of its mutants? While many may question why the […]
Naperville Business Law Attorney Looks at the Success Story of Netflix
Posted on October 10, 2017
Today, the name “Netflix” is synonymous with streaming entertainment as a viable alternative to cable, satellite, or over-the-air broadcast programming. When the company first started nearly 20 years ago, however, there was little indication that it would quickly become global entertainment leader. As a business law attorney, I recognize the importance of evolving with the times to remain relevant. In any competitive industry, companies that do not adapt to meet the changing needs of consumers will quickly become obsolete. The story of Netflix provides a good example of how adaptability […]
Naperville Business Lawyer Discusses Oral Contracts
Posted on March 24, 2017
As you are probably aware, most businesses rely on a number of contracts of contracts and agreements. These typically include partnership agreements, employment contracts, purchase agreements and a variety of others that have been carefully drafted and reviewed before they are signed. Most such agreements are formalized in writing, as doing so creates a permanent record of the agreement that can be used to enforce the terms of the contract if necessary. Contrary to popular belief, however, an oral contract may also be enforceable in many cases. If your company […]
Naperville Business Lawyer Discusses the Right to Refuse Service
Posted on December 7, 2016
As a business owner, you are probably familiar with the maxim “We reserve the right to refuse service to anyone.” In fact, you may have a sign or poster displayed prominently in your place of business with those exact words or a similar approximation of them. But, does the law really give you the right to refuse service to particular person or group of people? In my practice as a business law attorney, I am frequently approached with this exact question. The answer, as with many areas of the law, […]
Naperville Employment Attorney Discusses How to Contest an Unemployment Claim
Posted on July 31, 2015
When you hire a staff to help your company meet your customers’ needs, you are primarily focused on the ability of your employees to get the job done. You expect them to be punctual, efficient, and productive while contributing to your company’s continued success. From time to time, you will likely see employees leave to pursue other opportunities. You will also probably need to terminate a member of your staff on occasion for non-compliance with company policies or poor production. In such a situation, your former employee may seek to […]
Know the Risks of a Personal Guarantee for Your Business Loan
Posted on July 22, 2015
For many small business owners, especially those who are just starting out, avenues for raising operating capital may be rather limited. If you are in such situation, you may have no choice but to apply for loan that requires you to offer a personal guarantee of its repayment. Over the years, many of my clients have come to me asking about the potential pitfalls of personally guaranteeing a loan, and while a personal guarantee business loan may be necessary, you should certainly understand what may be expected of you. Personal […]
Small Business Attorney Examines the Illinois Religious Freedom Restoration Act
Posted on April 1, 2015
The recent passage of the controversial Religious Freedom Restoration Act in Indiana has dominated headlines across the country, igniting fierce debate and harsh words from across the political spectrum. Many of my clients have been wondering if Illinois has passed or would consider passing similar legislation and how such a law would affect their rights as business owners. A large number are surprised to learn that Illinois, in fact, did pass a Religious Freedom Restoration Act (RFRA) in 1998, and while similar in some ways to the Indiana law, also […]
Flexible Service Levels Agreements: Fostering Trust and Commitment
Posted on December 16, 2014
Service level agreements, or SLAs, are contracts entered into by service providers and an end user—typically another business. Both large and small businesses utilize SLAs with service providers, though at least arguably it is the larger businesses who possess more bargaining power when contracting under SLAs. In addition, SLAs are out-based contracts that exist primarily to provide specifications about the levels/metrics of services that are expected to be received. However, SLAs do not define the actual service that will be provided or delivered. The typical metrics specified in SLAs include: […]
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