Lawmakers Amend BIPA When a class action lawsuit against the fast food chain White Castle teed up what could have been a $17 billion dollar verdict the Illinois Supreme Court decided to “respectfully suggest” that the state legislature revisit and clarify certain provisions of the Biometric Information Privacy Act (BIPA)…
Chicago Business Attorney Blog
Non-Competes Now a Nonstarter
Non-Competes Now a Nonstarter This is really big news! Businesses that have entered into non-compete agreements with current or recently departed employees will need to come up with other ways of achieving the investment-protecting goals those non-competes were designed to accomplish. That’s because the Federal Trade Commission has issued a…
Don’t Dirty Your Business’ Reputation by ‘AI-Washing’
Is AI Washing Dirty? Many people have become familiar with the term “greenwashing,” referring to attempts by a company to cast its products as more environmentally friendly than they are through public relations and marketing “spin” efforts. Now comes the concept of “AI-washing,” in which companies exaggerate the degree to…
How Can Generative AI Assist Your Business?
How Can Generative AI Assist Your Business? What is generative artificial intelligence, embedded in applications such as ChatGPT? How could it help your business? What pitfalls should you avoid. What policies should you craft around it? This is no longer science fiction. AI has become a reality and every business…
Real Estate Brokers’ Commissions Upended by Recent Settlement
Antitrust LawsuitNational Association of Realtors Decades-old norms regarding Realtor commissions and other policies surrounding home buying and selling have been swept away by the March 15 court settlement between the National Association of Realtors and groups of homeowners who filed suit against the realtors’ group arguing that home buyers should…
Corporate Transparency Act struck down as unconstitutional
Corporate Transparency Act While Congress might have had worthwhile purposes in passing the Corporate Transparency Act, a section of the 2021 National Defense Authorization Act, it’s nonetheless unconstitutional, according to a federal judge’s summary judgment ruling in an Alabama case brought by the National Small Business Association (NSBA). The Act…
Employee or Freelancer? New Rules for Independent Contractors
Employee or Freelancer? Is a person who works for your business financially dependent on you, or can they potentially independently profit based on their skill set? Will they be part of your company indefinitely? Do they perform a central, daily, integral role? Do you dictate when, where and how they…
Going Through a Divorce? Don’t Forget to Disinherit Your Soon-to-be Ex
Guest Blogger: Attorney Tracy Ries For parents going through a divorce, the right-now priority is to retain matrimonial attorneys to negotiate or litigate a plan to divide up assets, determine alimony and child support payments, and haggle over children’s residency and visitation schedules. And it’s understandable that’s the top focus…
Beware the Cryptocurrency Exchange Account
Looking for a reason not to use a cryptocurrency exchange account? If you are looking for a reason to use a cryptocurreny exchange account, you may now have a reason not to use one…..or at least check out the terms and conditions of the exchange. One thorny question has arisen…
Estate Planning Insights: The Widespread Impact of Wills
Did you know that according to recent statistics, a significant percentage of adults still don’t have a will in place? Here’s a glimpse into the current state of estate planning: 1. Widespread Gap: Surprisingly, approximately 60% of adults worldwide do not have a valid will. This means the majority of…