Is Your Non Compete Clause Enforceable?

Non compete clauses can be difficult to enforce in Illinois courts. They must meet certain requirements to be considered enforceable. The courts try to balance the interests of the employee and the interests of the employer. Employee Benefit For Signing To be valid, the non compete agreement must hold value for the employee. If it is signed in order to gain employment, this is sufficient. If it is signed after the employee is already hired, they must gain something from the agreement. … [Read more...]

Commercial Real Estate Trends You Should Be Aware Of

Throughout the past 3 decades, the commercial real estate industry has gradually evolved into an impressive enterprise filled with complex and global portfolios that make up a whopping 10 percent of institutional investments, equaling an estimated $6.7 trillion. (Article continues below Infographic) In Illinois, commercial real estate investments are breaking records. According to Real Capital Analytics (RCA), a New York based research company, investors dropped record breaking amounts … [Read more...]

New Regulations Affect Illinois Realtors in 2016

New Regulations Affect Illinois Realtors in 2016 Of the more than 600 bills crossing the governor’s desk in 2015, several dealt with real estate issues. New programs regarding property foreclosures, fraud alert systems, and other changes went into effect as of January 1st. Both realtors and those looking to buy property should take a moment to understand the changes, some of which are listed below. Property Foreclosure Pilot Program Cook County now has a pilot program that permits … [Read more...]

Will Governor’s Move Bring More Business to Illinois?

Governor Rauner made good on his State of the State pledge to empower his newly formed Illinois Business and Economic Development Corporation(ILBECD) with an executive orderrecently. With it he ordered the Illinois Department of Commerce to work with this new private non-profit corporation to attract more businesses to the state. ILBECD is similar to other private economic development corporations that exist in many other states, including nearby Ohio and Indiana. These organizations aid … [Read more...]

Capital Markets Improvement Act (HR 1675) Aims to Help Small Business

Small businesses are important to building a healthy economy. They provide access to goods and services that consumers want, which helps to stimulate the economy. But most importantly, they help fuel job growth. Times have changed, and being a small business owner has become increasingly difficult. Having to deal with all the federal and state red tape that comes with owning a small business can be costly and time-consuming, which can be overwhelming for small business owners. A business … [Read more...]

Reducing Large Truck Liability Exposures

Business operations that rely on large trucks need a continuous action plan to reduce liability exposures. The 10,000 pound and over gross vehicle rating weight (GVWR) that defines these big trucks is also a key factor in instability and safety issues. The problems increase during severe weather and can cause serious accidents. When a heavy truck collides with a smaller vehicle, injuries, fatalities, and severe property damage are a certainty. National Highway Transportation Administration’s … [Read more...]

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