Businesses are increasingly utilizing generative AI programs like ChatGPT across various functions, including financial services and human resources. But info that is inputed into the AI becomes part of the data and any confidentiality will be lost.
Search Results for: agreements
Non-Competes Now a Nonstarter
Companies relying on non-compete agreements must find new strategies. A final rule from the FTC invalidates current non-competes for most workers and bans new ones for all employees.
Real Estate Brokers’ Commissions Upended by Recent Settlement
The long-standing conventions governing Realtor commissions and related practices in the realm of home transactions have been radically altered following the recent court settlement reached on March 15th between the National Association of Realtors and various groups of homeowners embroiled in antitrust litigation against the organization. These homeowners contended that purchasers should directly cover their agents’ commissions and have the freedom to negotiate these fees, effectively challenging established norms.
January is a good time to Start Your New Business
Start the new year with formation of a new business.
NLRB Rules Most Employee Non-Competes Unenforceable
Most non-compete agreements between employers and employees violate the National Labor Relations Act. Such agreements, which bar employees from taking certain types of positions or running certain types of businesses after leaving their current positions, specifically run afoul of Sections 7 and 8(a)(1) of the act, she wrote.
Can You Keep a (Trade) Secret?
To define, establish and ensure protection of trade secrets, 48 out of the 50 states, including Illinois, have adopted the Uniform Trade Secrets Act (UTSA), a law initially promulgated in the 1970s by the American Law Institute.
Limiting NDAs for Sexual Harassment
Employers will no longer be able to require workers to sign upfront non-disclosure agreements (NDAs) pertaining to sexual harassment incidents they have experienced or witnessed under new federal legislation that passed overwhelmingly through Congress and signed into law by President Biden on December 7.
Buyer of Nontraditional Legal Services Beware
Stand-alone paralegal services are offering various sorts of assistance to small businesses for significantly less than lawyers generally charge. Does it make sense to hire a lawyer or not?
Family-Owned Business Succession—or Dissolution?
A family-owned business can be an excellent means of transferring and preserving generational wealth when run smoothly, but maintaining continuity of family-owned businesses from generation to generation presents many challenges.
What Would the ‘Workers’ Rights Amendment’ Mean for Your Business?
The “Workers’ Rights Amendment” proposes to amend the Bill of Rights Article of the Illinois Constitution to give employee the ability to bargain collectively, through representatives they select to negotiate wages, hours, working conditions, and worker safety. This affects your business in a. number of ways.