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Business Contracts

A QUICK LOOK AT SECTION ONE OF THE ILLINOIS FRAUDS ACT.

November 26, 2019November 26, 2019Bryan BagdadyAffirmative Defenses, contracts, Frauds Act, Oral AgreementsLeave a comment

If you enter into contracts in Illinois, you should at least be aware of the Frauds Act. Illinois law limits certain claims and actions if they are not supported by a writing signed by the party to be charged with the claim
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Business Contracts

CONTRACT AMBIGUITIES

November 6, 2019November 6, 2019Bryan Bagdadybusiness agreements, contract ambiguities1 Comment

Clients oftentimes ask me to forecast how much a lawsuit will cost. In the context of contract disputes, the answer invariably depends on the nature of the written documentation. If the parties relied on an oral agreement, then it becomes much more
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Business Contracts

Essential Business Agreements

November 1, 2019November 1, 2019Bryan Bagdadybusiness agreements, contractsLeave a comment

Essential Business Contracts. Some clients are proactive and prepare written agreements and others prefer a verbal agreement with a good handshake. Both oral and written agreements are legally enforceable, but written agreements help the court by providing a tangible form of the
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