LawGram Volume 7, No. 3

Table of Contents

BUY-SELL AGREEMENTS

What happens when you don’t plan ahead? Friends who own and operate a successful business together can be severely harmed by the effects of an untimely accident, a change in viewpoint or a family change. Without the proper documentation in place, such as a Buy-Sell Agreement, an unexpected event may cripple a business.

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ARE YOUR CUSTOMERS ACCESSING YOUR WEBSITE?

www.goggle.com, www.yaho.com. One tiny letter can have a dramatic effect to your business’ domain name. Corporate websites have become an effective means to reach and serve customers in a convenient and cost-effective way. If you are operating a company website, unfortunately, as that website becomes more attractive to your customers, your domain name also becomes appealing to domain name pirates who seek to profit from the goodwill you have created.

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NEW ILLINOIS LAW IMPOSES NOTIFICATION REQUIREMENTS ON BUSINESSES THAT MAINTAIN PERSONAL INFORMATION

Information security is an emerging liability issue for nearly every business in the world, especially those operating in the United States. Thirty-nine states, including Illinois, have enacted laws that impose duties on businesses if the integrity, security or confidentiality of certain types of information maintained by the businesses is comprised. What does your business need to do to make sure that it is in compliance?

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THE NEW I-9

According to the Immigration Reform and Control Act of 1986 (IRCA), U.S. employers are required to document that all citizen and non-citizen employees hired after November 6, 1986 are eligible to work in the U.S. and that their identities match the information on their employment authorization documents.  The U.S. Citizenship and Immigration Service (USCIS) has revised the list of acceptable documents and has published the new I-9 form.

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WHAT YOU NEED TO KNOW ABOUT MECHANIC’S LIENS IN ILLINOIS

A mechanic’s lien related to real property is a lien encumbrance that attaches to land and generally whatever is erected or growing upon or affixed to land, in a manner similar to a mortgage. Mechanic’s liens are commonly used by contractors and subcontractors and help them to receive payment for their labor and materials. A clear understading of Mechanic’s lien law in Illinois is key to successfully protecting your labor, property and materials.

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