Everyone supports a clean environment and conservation of resources, don’t they? Well, if you ask a landlord or tenant in a multi-tenant, commercial building, the answer may likely be, “it depends.” For the past several years, there has…
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Our firm’s clients regularly ask for advice regarding the enforceability of covenants not to compete. Unlike most contracts, restrictive covenants are not automatically enforced by the courts since they constitute a restraint of trade. Contract…
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Several years ago during the bustling real estate market you found the perfect space to lease in a brand new building or shopping center. You spent time negotiating the basic terms of the lease, such as the lease term, Base Rent, CAM (and its compone…
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As we ring in the New Year, we also ring in new estate and gift tax laws. As many of you have heard, on December 17, 2011, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (“201…
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Effective January 1, 2011, Public Act 96-1426 takes effect in Illinois. This Public Act is known as the Employee Credit Privacy Act (Act). Prohibitions The Act prohibits discrimination in employment based on an employee credit history. Specifically,…
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As more and more information is created, communicated and stored in electronic formats, data security has become an increasingly important concern for businesses and individuals. Unauthorized disclosure of personal information can cost a business dea…
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As many of you are now aware from reports in the news and other sources, on January 1, 2010, there was a purported “repeal” of the federal estate tax (sometimes called the “federal death tax”). For a quick refresher, the feder…
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