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November Business Bytes

November Business Bytes

This month’s Business Bytes highlights right of publicity, defamed corporations and key person insurance.  Right of Publicity. Like the law of many other states, Illinois’ Right to Publicity Act, 765 ILCS 1075, prevents the commercial use of a person’s...
Disclosing a Data Breach

Disclosing a Data Breach

Suffering a data breach could be fatal to your business, but if it isn’t, don’t let your handling the breach make it so.  Federal and state laws and trade association standards provide some guidance on when, what type and to whom notices of a data breach must be...
Financial Distress

Financial Distress

When your business is faced with financial distress, there are actions you can and should take before all your lenders, creditors, landlords, customers and employees learn about the situation that may alleviate, reduce or defer the fall-out, that include:...
October Business Bytes

October Business Bytes

This month’s Business Bytes highlights non-competiion contract clauses, privacy protection persistence and umbrella insurance. Non-Competition Contract Clauses.  While there are legitimate needs and purposes for an employer to require its employees to sign...
New View on Unfair Competition

New View on Unfair Competition

A recent Illinois Appellate Court ruling upheld a carpet cleaner’s claim against a competitor that its competitors’ use of cleaning chemicals banned by the EPA that do a better cleaning job than his legal cleaning solutions constituted unfair competition in Illinois....
September Business Bytes

September Business Bytes

This month’s Business Bytes highlights cyber security, privacy violation suits and marijuana in the workplace.  Cyber Security.  With more cyberattacks predicted and smaller businesses with less to spend on security being targeted, there are some inexpensive...
Negative Pledge in Loan Documents

Negative Pledge in Loan Documents

While it is always important to read and understand the contracts you sign, loan documents, particularly those that look to be the lender’s printed “standard form” can contain hidden provisions. While a loan may say its “unsecured,” not constituting a lien on your...

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