In this article we discuss the different types of Illinois partnerships. We discuss General, Limited, and Limited Liability Partnerships and the differences between them. Partnerships are one of the most commonly formed business entities. Partnerships come in three different forms: general partnerships, limited partnerships, and limited liability partnerships. All three of these partnerships are considered pass-through entities, meaning the partnership itself doesn’t pay any taxes, but the income it earns is passed through to the owners’ personal income.
In this article, we will explain the torts of tortious interference with an expectancy of inheritance and fraudulent inducement, two common causes of action in Illinois probate litigation. In the context of Illinois probate disputes, both causes of action are brought against individuals who wrongfully deprive the plaintiff of his or her inheritance. We will discuss the elements of each cause of action in Illinois and how they interact with Illinois will contests.
In this article we talk about ‘consideration’ in a contract?” When talking about contracts and contract law, the term “consideration” is often mentioned. In relation to a contract, consideration refers to what each party will receive as a result of the contract, also known as “bargained-for exchange.”
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In this article we talk about ‘consideration’ in a contract?” When talking about contracts and contract law, the term “consideration” is often mentioned. In relation to a contract, consideration refers to what each party will receive as a result of the contract, also known as “bargained-for exchange.”
One of the most common price structures is for the owner to pay the contractor the cost of work plus the contractor’s fee. Often, in a “cost-plus-fee” contract, the contractor’s fee is calculated as a certain percentage of the actual costs associated with the work, including labor, materials, storage, and transportation. A common way to mitigate the owner’s risk and provide a level of certainty as to the cost of the project is for the contractor to set a guaranteed maximum price.
There are three general categories of intellectual property that can be protected under U.S. law: Trademarks, Copyrights, and Patents.Trademarks protect a business' name, logo, or slogan from use by other businesses. Patents protect a discovery, invention, or idea. Copyrights protect original works of authorship such as writings, photos, music, movies, software, and architecture.
In this article we talk about ‘consideration’ in a contract?” When talking about contracts and contract law, the term “consideration” is often mentioned. In relation to a contract, consideration refers to what each party will receive as a result of the contract, also known as “bargained-for exchange.”
One of the most common price structures is for the owner to pay the contractor the cost of work plus the contractor’s fee. Often, in a “cost-plus-fee” contract, the contractor’s fee is calculated as a certain percentage of the actual costs associated with the work, including labor, materials, storage, and transportation. A common way to mitigate the owner’s risk and provide a level of certainty as to the cost of the project is for the contractor to set a guaranteed maximum price.
There are three general categories of intellectual property that can be protected under U.S. law: Trademarks, Copyrights, and Patents.Trademarks protect a business' name, logo, or slogan from use by other businesses. Patents protect a discovery, invention, or idea. Copyrights protect original works of authorship such as writings, photos, music, movies, software, and architecture.
In this article we talk about ‘consideration’ in a contract?” When talking about contracts and contract law, the term “consideration” is often mentioned. In relation to a contract, consideration refers to what each party will receive as a result of the contract, also known as “bargained-for exchange.”
One of the most common price structures is for the owner to pay the contractor the cost of work plus the contractor’s fee. Often, in a “cost-plus-fee” contract, the contractor’s fee is calculated as a certain percentage of the actual costs associated with the work, including labor, materials, storage, and transportation. A common way to mitigate the owner’s risk and provide a level of certainty as to the cost of the project is for the contractor to set a guaranteed maximum price.
There are three general categories of intellectual property that can be protected under U.S. law: Trademarks, Copyrights, and Patents.Trademarks protect a business' name, logo, or slogan from use by other businesses. Patents protect a discovery, invention, or idea. Copyrights protect original works of authorship such as writings, photos, music, movies, software, and architecture.
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