In response to an insurance claim you may receive a Reservation of Rights Letter from your insurance company stating it believes that there is no insurance coverage or duty to defend you for the claim, but that it will continue to defend you during the time if its...
The Covid-19 pandemic and the sudden increase of the number of employees working at home puts even more pressure on your business to protect its proprietary, confidential and trade secret information. Some concerns you should address to protect confidential...
Douglas Tibble represented the private lender in a $5,000,000 financing of the borrower’s acquisition of a manufacturing business that was a division of a fortune five hundred company. The transaction included securing the financing on the acquired real estate,...
The increased interest of governments, consumer organizations and lawyers in privacy issues creates new and emphasizes old risks for your business if it violates the privacy of its customers, employees or third parties. Knowing some of the current areas where your...
Millions of mobile phone, bank and investment customers now use fingerprint readers, eye scans, and voice recognition technologies as security and privacy enhancing technologies. Biometric information can provide more security than a password, however, once biometric...
No matter how many employees, agents, partners or others that have authority to bind your business to purchase or sale contracts, you can still take steps to protect your business by ensuring that all contracts are subject to the same standard terms and conditions...
While the best business litigation strategy is to avoid litigation or resolve disputes outside of court, including negotiation, mediation or arbitration, once litigation is initiated there are many steps a business can take in conjunction with its lawyer to minimize...
The benefits of operating your business as an authorized limited liability entity are numerous, and different for each entity. Selecting the particular entity for your business should be part of your initial planning and discussed with your legal and accounting...
If you own or operate a business, one constant concern is insulating your personal and family assets from claims and liabilities that may arise from your business. While it is not always possible to create a complete barrier to keep business creditors from seizing...
Current legal writing frequently addresses the obligation to preserve and disclose information in lawsuits, but in a recent Illinois Supreme Court opinion, Brunton v. Krueger, attorney Matthew Tibble persuaded the Illinois Supreme Court to not only reaffirm the...
Like death and taxes, a third truth is that eventually you will become unable or unwilling to operate your business. Your failure to plan for this eventuality could leave your family, estate and business at risk. A business succession plan is merely writing down your...
The terms used to describe statutory and operational positions in businesses often cause confusion and raise issues regarding corporate governance. Before operating your business, joining a board of directors, or serving as an officer, you should have a fundamental...
