Articles Posted in Business Dispute

Breaches of contract are some of the most common business disputes that can arise. Since agreements are central to every business transaction, nearly every entrepreneur will face this type of claim at some point. Putting an agreement in writing is crucial to outlining the parties’ responsibilities and obligations, but it doesn’t always guarantee that a…

In business litigation, monetary damages do not always address the full extent of a plaintiff’s damages. Illinois courts may award equitable remedies in lieu of — or in addition to — a legal remedy. Although a legal remedy may be appropriate to address the financial harm suffered by a plaintiff, an equitable remedy can compel…

When partners start a business together, they have the best intentions — and rarely expect conflict to arise. Unfortunately, there are many reasons partnership disputes can occur during the course of doing business. Differences of opinion, misconduct, or a partner’s disregard for their obligations are all situations that can place a business in jeopardy. If…

When a party enters into a business deal with another individual or company, it’s always best to have an enforceable contract in place. But in cases where a written agreement does not exist — or a contract is not legally enforceable for some reason — damages may still be recoverable if a party refuses to…

A breach of contract is a common business dispute that can cause your company to suffer significant economic harm. It can also have a devastating impact on your company’s reputation and future. Unfortunately, it often happens during the course of doing business that a party fails to uphold their contractual obligations — either intentionally, accidentally,…

When you’re an entrepreneur, business disputes are inevitable. Unfortunately, when they arise, they can result in significant harm to your company and its bottom line. If you’re facing a business dispute — or you simply want to be prepared for any potential conflicts — you likely have many questions. Below are some of the most…

Disorganization, financial difficulties, and greed can lead to a partner taking more from a business than they’re entitled. This, of course, comes at the expense of their partners. In closely held businesses, there are unfortunately numerous ways to cheat. A few examples are a partner funneling money to another entity he or she owns under…

From fake loans to $80,000 bonuses to certain shareholders in lieu of dividends to all, the defendants in Chomiak v. Kasian provided a variety of avenues for a successful shareholder oppression action. On August 3, 2017, the Appellate Division of the New York Supreme Court issued an opinion affirming the lower court’s ruling for the…