Tag: contract law
The Importance of Having Written Contracts
Posted on October 15, 2025
In today’s business environment, agreements happen fast. They can happen over email, through text messages, or even in quick phone conversations. But while verbal and digital exchanges can form the basis of a deal, they rarely offer the security or clarity that a written contract provides. Whether you run a growing startup or an established Illinois business, having properly drafted written contracts is one of the most effective ways to protect your interests, minimize risk, and avoid expensive contract disputes. If you are entering into a new business relationship or […]
What Are the Risks and Benefits of Boilerplate Contract Clauses?
Posted on December 31, 2024
Boilerplate contracts are contracts featuring standard pre-drafted clauses. The term “boilerplate” comes from a long-ago time when manufacturing used steel plates for its boilers, and later the printing industry took on the word when it stamped text onto metal plates. Today, boilerplate contracts and boilerplate clauses are available online as free or low-cost templates, and they offer quite a few benefits such as efficiency and savings. Yet there are many situations in which a boilerplate contract may not be the best fit to protect a business legally. An experienced Naperville, […]
What Is a Minor Breach or a Material Breach of Contract?
Posted on May 17, 2024
When engaging in any contractual agreement, it is important to understand the requirements that will apply to each party and the options for addressing violations of the contract’s terms. A full understanding of the implications of a breach of contract is crucial. A breach of contract occurs when one party fails to fulfill their duties as stipulated in the contract. However, there are different types of breaches, and the ways they will be handled will depend on how the parties and the contract as a whole have been affected. An […]
7 Essential Clauses to Include in a Business Partnership Agreement
Posted on May 3, 2024
When entering into a business partnership, it is crucial to make sure you have a well-defined partnership agreement. This legal document sets the foundation for the partnership’s operation and management. Having a comprehensive partnership agreement helps prevent disputes between partners and ensures a clear path for decision-making processes. By working with an experienced attorney who understands the business law issues that will affect your company, you can make sure your partnership agreement will protect your business while establishing a framework that will allow you to work together successfully with your […]
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