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When it comes to resolving disputes, arbitration has often been touted as more cost-effective than litigation, and it’s generally true—at least as long as it’s handled properly. To get the most out of arbitration, consider the following tips and tactics.

Have a Clear Arbitration Cause

First of all, a clear arbitration clause is a vital aspect of keeping arbitration as cost-effective as possible. By establishing the details of how arbitration will be carried out in advance, you can prevent a lot of the back-and-forth that may occur if those details were left up in the air.

To be truly viable, your personal injury claim needs to be worth the cost of pursuing damages. Some of those costs—such as attorney fees—are contingent upon winning, but others may prevent you from recovering personal injury damages if they are higher than your case is actually worth.

The cost of a personal injury claim depends on a number of factors, but there are some common expenses to keep in mind.

Common Personal Injury Claim Costs

Business disputes can easily lead to expensive litigation. Using the right tactics before going to court can save you a great deal of time and money. Here, we’ll discuss some effective pre-litigation tactics to help you achieve a positive outcome in the event of a dispute.

Before Pressing Charges

Ideally, disputes should be resolved before they turn into full-blown courtroom trials. If it seems like litigation may be a possibility, consider these tips and tactics first.

At a certain point in your business’s growth, there may come the ideal time to form a corporation. To incorporate in the state of Illinois, you’ll need to follow some fairly specific steps.

Reasons to Incorporate

Forming a corporation has many potential benefits. Some of the main reasons it’s beneficial to incorporate include the following:

When a property owner fails to pay property taxes, the county in which the property is located creates a lien on it for the amount owed. Tax liens are sold in order to recoup losses from unpaid taxes, and the buyers of those liens get the benefit of investing in a piece of real estate.

What Is a Property Tax Lien?

A property tax lien is a claim on a piece of property for an amount owed in unpaid taxes. It is generated when the owner fails to pay their property taxes, and the lien itself may be sold to the highest bidder to recover that amount.

Often, severe accidents warrant filing a lawsuit. However, it’s important to recognize when legal action is appropriate. Attorneys evaluate cases based on their viability, meaning your case has to be worth pursuing before they take it on. They’ll do so by looking at a number of factors.

Factors to Consider Before Suing

Lawsuits can be expensive to pursue, so your attorney will need to determine whether your case is worthwhile. The factors that need to be considered before filing a personal injury lawsuit include the following.

The amount of commitment involved in a business acquisition is substantial, and it’s important to know what you’re getting yourself into in advance. Thorough due diligence is vital, but at the same time, it needs to be focused on information that’s relevant to the transaction. Anything beyond that is ultimately a waste that could prevent the transaction from ever closing.

Here, we’ll discuss the most important information to ask for prior to completing a business acquisition.

Company Information

A will can be a valuable component of any estate plan since it helps expedite the probate process. By making your last wishes known, you’ll make it easier for the court to make sure your property is divided appropriately. However, there are some items that really don’t belong on your will, either because they’d complicate the disposition of your estate or because it’s simply unnecessary to mention them.

Here, we’ll look at a number of items that you typically should not put on your will.

Anything with a Named Beneficiary

If you work remotely, you may be covered by workers’ compensation, even though your job duties don’t take you onto your employer’s premises. However, there are a number of factors that could impact your claim should you be injured on the job while working from home.

Remote Employee Vs. Independent Contractor

First of all, it’s important to distinguish whether you’re actually an employee. If you’re a freelancer or independent contractor, then you don’t qualify for workers’ compensation coverage.

Spinal cord injuries can be catastrophic, often resulting in severe lifelong disability. If one of these injuries results from negligence on the part of another party, it may be worth a significant amount in damages.

Typical Damages for Spinal Cord Injuries

For extreme spinal cord injuries resulting in lifetime tetraplegia (loss of use of all four limbs), the average lifetime medical costs are estimated to be over $5 million by The National Spinal Cord Injury Statistical Center. However, many spinal cord injuries only result in a partial loss of mobility, such as paraplegia (lost use of the legs and lower body).

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