January 2014 Archives

Settling when employment contracts are terminated

Many executive positions in Illinois involve a written employment contract. Once the parties sign those employment contracts, early termination requires imilar considerations as would be required in terminating any other contract. The terms of an early termination are often negotiated and may entitle the employee to receive some portion of the remainder of the contract terms.

Changes could be coming to Illinois business tax incentives

Illinois lawmakers are questioning the viability of the current tax incentive system in the state. Recently, what is said to be the first of several meetings on the subject was held. The results of those meetings could mean changes are coming to how the government awards business tax incentives.

Macy's and Martha Stewart settle dispute over contracts

Illinois Macy's shoppers have been able to purchase products from the Martha Stewart Living collection since 2006. In 2011, Martha Stewart Living began selling home decor products at J.C. Penney (JCP) stores as well. Soon thereafter, Macy's filed suit against JCP and Martha Stewart Living Omnimedia, claiming that Martha Stewart Living's deal with JCP violated its existing contract with Macy's. These types of disputes about business contracts impact both large and small companies that seek to compete in the consumer marketplace.

Help is available for Illinois small business formation

Southeastern Illinois College is the home of the Workforce and Illinois Small Business Development Center. The center provides invaluable assistance to those overwhelmed by the minutia involved in small business formation. Many people fail to realize that it is not enough just to have an idea for a business -- that is only the first step.

Employment contracts can require compromise to get signed

Emergency dispatchers in one Illinois county finally have an employment contract. Negotiations for the new agreement began in 2011, prior to the expiration of the old one in Jan. 2012. As is the case with other county employment contracts in St. Clair County, the County Board had to approve the dispatcher's contract before it could be considered final.

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