If you are a small business owner, you probably already know that how you approach relationships with other businesses and entrepreneurs is a large part of running a successful business. Ideally, business professionals should always honor handshake agreements. Unfortunately, informal business agreements are not always respected by the other party. This is why it is […]
Naperville Business Lawyers Talks About How a Non-Disclosure Agreement Can Benefit Your Company
April 4, 2019 By
Naperville Business Lawyer Discusses the Effect of the Government Shutdown on Federal Contractors
January 12, 2019 By
The shutdown of the federal government is now in its third week. While President Donald Trump continues to fight with Congress over funding for a physical barrier along the border between the United States and Mexico, an estimated 800,000 federal employees have either been furloughed or forced to work without pay. Most of these employees […]
Naperville Business Lawyer Talks About Breach of Contract Remedies
August 1, 2018 By
As a business law attorney, I am acutely aware of how important small and medium-sized businesses are to the American economy. In many ways, they are considered to be the backbone of the entire system. Almost all such companies rely, to some extent, on a variety of business contracts and other types of business agreements. […]
Naperville Business Lawyer Discusses Oral Contracts
March 24, 2017 By
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 […]
Naperville Business Lawyer Recommends Preparing Winter Contracts Now
October 7, 2015 By
The signs of autumn are beginning to spread around Northern Illinois. The leaves are starting their annual explosion into deep reds and fiery oranges, the temperatures are dropping, and pumpkin spice-flavored, well, everything, can be found on coffeehouse and restaurant menus again. Before long, winter will be knocking on the door, and when it does, […]
Flexible Service Levels Agreements: Fostering Trust and Commitment
December 16, 2014 By
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 […]
Small Businesses and the Procurement of Federal Contracts
November 18, 2014 By
This year, the federal Small Business Administration’s Office of Advocacy released a detailed report containing an independent assessment of the implementation of the small business procurement goals that were ordered by the National Defense Authorization Act of 2013 (NDA). Section 15 (g) of the NDA created federal procurement goals aimed at assisting small businesses nationwide […]
How Contract Law Affects Small Businesses
August 3, 2013 By
The last thing a small business owner wants to think about is what type of legal forms to use when entering in contractual agreements. Contracts take time to draft, they are complicated and very dry. Some business owners would like to have them drafted professionally, but they are worried about the price. A solid contract, […]
