Piercing the Corporate Veil in Illinois: When Business Owners Face Personal Liability
Can I Be a Partner in a Business Without a Formal or Written Agreement? The simple answer is yes. A written partnership agreement is helpful and is the best way to avoid confusion, but it is not always required for a partnership to exist. In Illinois, a court can find that people were partners even […]
Can I Be a Partner in a Business Without a Formal or Written Agreement?
Can I Be a Partner in a Business Without a Formal or Written Agreement? The simple answer is yes. A written partnership agreement is helpful and remains the best way to avoid confusion, but it is not always required for a partnership to exist. In Illinois, a court can find that parties formed a partnership […]
When Big Tech Contracts Break Down: Lessons from the Microsoft-OpenAI-Amazon Dispute
A high-stakes dispute among Microsoft, OpenAI, and Amazon is drawing widespread attention — not just because of the eye-catching dollar figures, but also because it reveals how technology partnership agreements can fracture under pressure. For any business that relies on contracts, licensing deals, or exclusivity arrangements, the story offers timely and practical lessons. What Happened […]
A How-To Guide for Business Breakups for Partnerships, LLCs, Corporations, and Everything in Between
Article description: The below is not to be considered legal advice. Instead, this article provides practical, Illinois-focused points to consider for ending partnerships, LLCs, and corporations. It discusses reasons partners split, legal rules (with statute citations), buyout options, valuation basics, and litigation alternatives. Why this guide exists (and who it’s for) Business breakups are stressful, […]
Arbitration, Mediation, and Litigation: What Businesses Need to Know Before Entering a Dispute
When business disputes arise, many companies assume they’ll be headed to court. But in today’s commercial landscape, an increasing number of contracts include arbitration clauses, which require parties to resolve disputes privately, outside the courtroom. There are also many instances when voluntarily engaging in mediation or arbitration has advantages over litigation. Below is a […]
Shareholder Derivative Litigation – UnitedHealth Faces Wave of Shareholder Derivative Lawsuits: What It Means for Corporate Boards and Investors
UnitedHealth Group is under fire—not just from regulators, but now also from its shareholders. UnitedHealth Group is facing another round of shareholder lawsuits citing the alleged Medicare fraud investigation reported by The Wall Street Journal in May. Steve Silverman, a UHG shareholder since 2003, filed a second shareholder derivative lawsuit last week in U.S. District […]
What Is a Business Tort? Understanding Fraud, Interference, and Other Unfair Practices in Commercial Litigation
In competitive industries, aggressive business tactics are expected—but not all conduct is fair or legal. If a business intentionally interferes with your company’s contracts, deceives you into a bad deal, or abuses confidential information, they may have committed a business tort. These claims can be complex, but the financial stakes are often high. Business tort […]
AI Contract Disputes Are on the Rise — Are You Ready?
AI Contract Disputes Are on the Rise — Are You Ready? Artificial intelligence (AI) is rapidly transforming how businesses operate. It is also giving rise to a new category of legal disputes: AI-related contract litigation. These disputes are common whenever a new technology arrives. They often happen because either the seller or buyer — or […]
Ways Partners Commit Fraud—and How to Protect Yourself
Business partner misconduct is more common than many entrepreneurs realize—and it can destroy companies, careers, and reputations. When one partner betrays the trust of another, the fallout can lead to complex litigation, financial loss, and the unraveling of years of hard work. Below, we outline the most common ways business partners defraud each other, the […]
Trustee Troubles? How a Motion for Instructions Can Help
Trustees are often asked to make difficult decisions under circumstances that the trustee did not anticipate before accepting the role. In some cases, the language in the trust instrument isn’t clear, and the trustee may be unsure of what to do. In others, one or more beneficiaries may disagree with a trustee’s plans for the […]