Articles Tagged with contract review

August 21, 2026

The Contract Clause Every Chicago Business Owner Skips (And Pays For Later)

Every contract you sign has one section that gets less attention than almost anything else in the document, and it is usually the section that ends up costing business owners the most. It is not the payment terms. It is not the termination clause. It is the indemnification clause, and most business owners either skim past it or assume it is standard boilerplate that does not need a second look.

It is not boilerplate. It is one of the most consequential paragraphs in the entire agreement, and by the time most business owners understand what it actually does, they are already the ones paying for someone else’s mistake.

What an Indemnification Clause Actually Does

August 5, 2026

Five Business Contracts Every Illinois Company Should Update Before 2027

by George Bellas

Illinois has spent the last two years rewriting the rules on what employers and businesses are allowed to put in a contract. Most of the changes did not arrive as one big headline. They arrived quietly, amendment by amendment, and a lot of business owners are still operating on paperwork that was compliant when it was signed and is not compliant anymore.

Here is the uncomfortable part. Several of these changes carry deadlines landing right around January 1, 2027. If your contracts have not been reviewed since before this wave of legislation, you are not looking at a minor cleanup. You are looking at agreements that could be unenforceable, or worse, that could expose your business to penalties, attorneys’ fees, and Attorney General enforcement action. Here are the five contracts to get in front of before that date arrives.

Number 1: Non-Compete and Non-Solicitation Agreements

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