Resources
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Rules and Lawsuits and Injunctions, Oh My!
What is the practical effect of two recent FLSA rulings?
In recent months, two different courts sitting in Texas have issued headline-grabbing rulings interpreting the Federal Fair Labor Standards Act (“FLSA”).
Preliminary Injunction on CTA Enforcement and Reporting Rule
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction staying the enforcement of the Corporate Transparency Act (CTA) and its Reporting Rule. The effect of the injunction is nationwide.
Deducting Legal Fees Incurred in Employment Disputes
Question: I will be soon be entering into a settlement agreement with my former employer for wages that were wrongfully withheld from me. Can I deduct the legal fees I have spent on this case?
An Agreement Not to Agree?
Does an Employer’s Written Disclaimer Automatically Bar an Employee’s Illinois Wage Act Claim? The Seventh Circuit says “no.”
Probate, explained
When a loved one dies it can be difficult to know how to access their assets, manage their mortgage and other debts, and wind up their affairs. With limited exceptions, the only way to access assets owned by a person in their individual name is through probate, even if they have a valid will.
Locking Up a Sales Rep in Perpetuity? A Presumptively Bad Idea
Many otherwise sound rep contracts are subject to termination for any reason or for no reason. Even if the parties agree to an initial contract term of three or more years to give the relationship time to develop and to enable the rep to create demand for the manufacturer’s products, most reps understand that if their three-year agreement allows termination on 30 days’ notice, they don’t really have a three-year contract. Instead, they’re working on a 30-day contract.
Chicago’s Commercial Leasing Market: Adapting to the Current Market Landscape / Revisions to Model National Venture Capital Association Documents and Amendments to Delaware Corporate Law (Fall 2024)
Litigation or Arbitration: Which is Better? You Be the Judge!
Each of these dispute resolution avenues includes certain advantages and disadvantages of which you need to be aware.
Reevaluating Insured Buy Sell Agreements
Question: My company maintains a buy sell agreement funded by insurance. What must I do in light of the recent U.S. Supreme Court decision?
Action Required for Buy-Sell Agreements
Insured buy-sell agreements have long been a key component for succession planning for closely held businesses. A buy-sell agreement is a legal contract that sets forth the terms for the transfer of a deceased owner’s share of the company on death.