Legal Blog
Illinois Breach of Contract Deadlines: Written vs. Oral Agreements
In Illinois, you generally have 10 years to sue for a breach of a written contract and 5 years for an oral (verbal) contract. For contracts involving the sale...
Payment and Collection Disputes Between Illinois Businesses
Unpaid invoices and broken payment agreements threaten the financial health of your company. When another business fails to pay its debts, you face difficult choices...
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...