Alternative dispute resolution methods, such as arbitration and mediation, have gained popularity as more efficient and cost-effective alternatives to traditional litigation. Both arbitration and mediation offer different ways of resolving conflict outside the courtroom. While they share similarities, they are fundamentally different. Arbitration involves a neutral third party making a binding or non-binding decision, while mediation focuses on facilitating discussion and negotiation between parties without imposing a binding resolution. Please remember that arbitration can be binding or non-binding, depending on the situation.
If you are interested in pursuing mediation or arbitration for a legal matter in Illinois,…
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Imagine that you have put your expertise and time into a job, only to find out that you are not being paid as agreed upon. That can get anyone’s blood boiling. But remember that getting paid for your hard work is not just fair—it is your legal right. For the successful collection of professional fees, you need the help of an Illinois attorney with a proven track record of success to resolve your case quickly.
What Are Some Terms I Can Include in an Agreement?
Anyone from a certified tax accountant to a freelancer is considered a professional and…
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Companies that are involved in the construction industry may encounter a variety of disputes that require legal action to resolve. These disputes may be related to contracts, payments, defects, or multiple other issues, and if agreements between the involved parties cannot be reached, construction litigation may become necessary. This type of litigation can be very complex, and it may involve a number of different stakeholders, including property owners, contractors, subcontractors, suppliers, and insurers. By understanding the types of disputes that may be addressed through construction litigation, stakeholders can ensure that they are prepared to navigate these situations.
Common Construction Disputes…
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In today’s competitive business environment, it is essential to have trust and confidence in the people you work with. This is particularly true for business owners, partners, shareholders, and others who rely on executives and employees to act in the best interests of a company. Unfortunately, breaches of fiduciary duty can occur, and they can result in severe financial and reputational damage to companies. In these situations, it is important for a company’s stakeholders to understand how breaches of fiduciary duty may be addressed through commercial litigation.
Understanding Fiduciary Duty
It is essential for a business’s stakeholders to understand…
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When a debtor files for bankruptcy, the court issues a notice to creditors informing them that the debtor has filed. It is important for creditors to respond properly and timely to this notice, and they will be required to file a proof of claim with the bankruptcy court. A proof of claim is a document filed by a creditor to make sure their claims are recognized, that they receive payment for those claims, and that they can be involved in the bankruptcy process. Every creditor must file a proof of claim, or they may risk not being paid during…
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Surety bonds are an important part of the insurance landscape. These bonds are a form of financial guarantee that serve to protect a party from the financial losses associated with another party’s breach of contract. They provide a level of protection for both insurers and policyholders when disputes arise. As such, it is important for insurers to understand how surety bond claims work in order to protect their interests and those of their customers.
What Is a Surety Bond?
A surety bond is an agreement between three parties: the principal (the person or business seeking the bond), the obligee (the…
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It is important for business owners to understand the legal issues that they may need to address when entering into contracts or enforcing the terms of contractual agreements. In some cases, a business may need to address tortious interference. When another party attempts to interfere with a company’s contractual agreements or commercial relationships, these issues may be addressed through commercial litigation. By understanding the principle of tortious interference, business owners can determine the actions they can take to protect themselves from potentially damaging situations.
What Is Tortious Interference? 
Tortious interference occurs when someone intentionally interferes with an existing contract…
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