Legal Blog
Strategic Litigation Under UCC Article 2: Resolving Sales Disputes in Illinois
Disputes arising under Article 2 of the Uniform Commercial Code (UCC) in Illinois are legal conflicts governed by 810 ILCS 5, which specifically applies to...
Non-Compete Agreement Enforcement in Illinois After the FTC Ban
The Federal Trade Commission’s (FTC) proposed nationwide ban on non-compete agreements remains neutralized by significant legal challenges. A federal court decision has halted its implementation,...
Shareholder Oppression Claims Under Illinois Law: A Comprehensive Analysis
As a minority shareholder in a closely held Illinois corporation, you made a significant investment of capital, time, or both. You entered the venture with...
The ABC’s of Inheritance Law in Illinois
When a person dies, his or her estate, assets, and property is passed along, or inherited by the deceased person’s heirs or named beneficiaries through...
All About the Illinois Power of Lawyer Act
A power of attorney allows a person (known as a “principal”) to appoint a representative (or agent) to manage their property and affairs in the event they...
Real Estate Closing Costs in Illinois
Closing costs is an umbrella term used for a realtor commissions, taxes, title related fees, filing fees, and other costs due at closing. A closing...
What You Need for an Islamic Will
Much like the American common law, Islamic laws provide a code of practice for Muslims in estate planning. This specifically includes provisions regarding the transfer...
Like-Kind Exchanges Under IRS Code Section 1031
Like-kind exchanges are regulated by Internal Revenue Service Code Section 1031, and sometimes they are referred to as Section 1031 exchanges. For tax purposes, these...
The Probate Process in Illinois
In Illinois, the probate process makes sure that a deceased person’s property and assets are distributed correctly and that any debts or taxes are paid in full....
How Do You Know if You Need Title Insurance?
Performing a title search and obtaining title insurance are two common requirements homebuyers encounter, particularly during the mortgage closing process. Simply put, the title is the official...
Millennials’ Frequently Asked Questions About Estate Planning
Thinking about death is not fun. It’s morbid and depressing, and as a result many young people believe that is state planning is typically something...
Things to Keep In Mind When Buying Commercial Property
Regardless of whether it’s commercial or residential, any real-estate transaction can be overwhelming. They are typically full of long negotiations and complex contracts, and the...