What Is the Misappropriation of Trust Funds?
People establish trust for a number of reasons. One of the reasons for trust is to take care of loved ones. They may want their assets to easily pass to family members without the need for probate. The trust might provide for a specific family member who has a disability. Trusts can also provide tax […]
What Is a Non-Compete Agreement?
A non-compete agreement is a common contract between businesses and their employees, also called a covenant not to compete. These contracts prevent employees from leaving their employment and using their skills and knowledge to compete in the same market as their former employer. When a company has non-competes in place and a former employee breaches […]
How Does Illinois Freedom to Work Act Affect Employers?
After the Illinois Freedom to Work Act (IFWA) went into effect, every employer in the state should know this law’s wide-ranging requirements. The Act focuses on the ability of employers to enforce restrictive covenants with employees, including non-compete and non-solicitation agreements. Many employers across a wide range of industries have been implementing restrictive covenants with employees for […]
Partnership Litigation: Can You Sue Your Business Partner?
Partnership Litigation: Can You Sue Your Business Partner? When business partnerships dissolve, the idea of partnership litigation can be intimidating. You may wonder what the quickest and cleanest way is to resolve your company’s issue. Certain situations are more likely to lead to partnership litigation. Learn what to do when your business is facing litigation. […]
What Is a Breach of Contract?
What Is a Breach of Contract? Contracts are legally binding agreements that hold all parties to their promises. A breach of contract occurs when the terms of that agreement are not followed. Before you can bring a breach of contract claim, a valid contract must exist. The general elements of a valid contract are the following: […]
Shareholder Disputes and How to Avoid Them
Shareholder Disputes and How to Avoid Them A shareholder disagreement can be uncomfortable for all parties involved. Even worse, it can stir up dissent and conflict within the upper echelon of an organization. Fortunately, while it is impossible to protect your company from disputes entirely, it is possible to reduce their likelihood. Understanding what causes […]
How Do You Resolve Trust Disputes?
Learning that you have been named a beneficiary in a trust is usually a welcome surprise that can change the quality of your life and the life of your children and grandchildren. However, trust disputes can turn the experience into an agonizing feud between the other beneficiaries, who are often close family. We explore the […]
Arbitration Lawyers and the Purposes They Serve
Arbitration Lawyers and the Purposes They Serve Arbitration is a popular dispute resolution method that provides businesses an alternative to litigation. When someone signs a contract with an arbitration clause, the parties agree to arbitration. Alternatively, parties can voluntarily choose an arbitration hearing to resolve their dispute. While most arbitrations do not require parties to […]
What Is Accounting Malpractice?
Have you been a victim of accounting malpractice? If an accountant has betrayed your trust or acted negligently, you may be eligible for damages. Accounting malpractice affects many businesses every year. A knowledgeable and experienced accounting malpractice lawyer can help you receive the damages you deserve. Defining Accounting Malpractice An accountant is a business professional […]
Open-and-Shut Case
Open-and-Shut Case As seen in Fortune & Forbes. King & Jones is featured in Chicago Leaders In Law To his adversaries in court, commercial litigator Peter M. King is known as “fearsome.” To judges and juries, he is a captivating, persuasive personality who wins cases by making the complex understandable. “The courtroom is the place where your business dilemmas come face to face with the people who […]