Articles Posted in Business

67888434-CAFB-435F-A004-C35C87F6A72F-300x200You opened your email this morning and something stopped you cold.

A letter. From an attorney. Addressed to your business.

The words “cease and desist” are somewhere near the top, followed by phrases like “immediate action required,” “legal liability,” and “failure to comply may result in litigation.”

9268F80E-C3D4-436F-AC98-1472D36FC5CD-300x200Business partner disputes are one of the most common reasons companies end up in litigation. They are also one of the most preventable.

The phone call usually starts the same way. Two or three people built a business together. Things were good for a while. Then one partner wants to leave, or wants the other one out, or stops showing up, or starts taking money they are not entitled to, or quietly starts a competing business on the side. And when the moment of crisis arrives, everyone reaches for the operating agreement.

What they find there determines almost everything about what happens next.

1D885828-AC8E-4C7D-8E85-13945F1AEBC2-300x200What is the current status of noncompetes?

The FTC’s sweeping 2024 rule that would have banned nearly all noncompete agreements nationwide never took effect. Federal courts blocked it, and the FTC formally abandoned its appeal. There is currently no federal ban on noncompetes.

What about Illinois?

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