May 2021

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Month: May 2021

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What is a Contract Default?

A legal contract outlines the obligations of each party to the contract. Each party to the contract relies upon the other for the fulfillment of obligations under the contract. For instance, an independent contractor agreement requires the independent contractor to..
Illinois business and contract law attorney Danya Shakfeh explains how to assess risk in a business transaction. She explains key terms you should review in a contract including covenants (promises), warranties, and liability capping. (Video length: 3 minutes, 58 seconds)..
Have you ever dreamed of starting a business but had to back off because of fear, a lack of knowledge, risks, or possible legal consequences? You were probably confused about which type of business structure to adapt in the first..
It’s easy to confuse a contract with a memorandum of understanding (MoU). After all, both talk about agreements, and they’re made between two or more parties. In this article, we’ll clarify the difference between the two so you’ll know exactly..