Chicago Real Estate Lawyers
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Applies to all transactions with verified attorneys on UpCounselIn the event that you are unsatisfied with the work of an attorney you hired on UpCounsel, just let us know. We’ll take care of it and refund your money up to $5,000 so you can hire another attorney to help you.
Legal Services Offered by Our On-Demand Chicago Real Estate Attorneys
The Chicago real estate attorneys & lawyers on UpCounsel help represent landlords, property management companies, condominium associations, and tenants on any issue relating to real estate purchases, leasing, rent increases or decreases, habitability issues, condo conversions, code violations, owner move-in situations, and more.
They also provide client service across residential and commercial real estate disputes ranging from specific performance of a purchase agreement to land use or zoning issues and construction defect litigation. Real estate agents are generally prohibited from attempting to provide legal counsel or to serve as your legal representative in any manner. Therefore, during the course of a property deal you (as the seller or the buyer) should have your interests represented by an experienced Chicago real estate lawyer.
You should absolutely hire a real estate attorney before you sign any paperwork. If you have already started the process and did not understand every detail of the sales contract then you should hire an experienced real estate attorney found on UpCounsel. Especially if something in your contract doesn’t make sense or seems out of the ordinary. The smallest oversight or clause could end up costing you big time.
Improve Your Legal ROI with Affordable Real Estate Attorneys that service Chicago, IL.
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- 6 min read
What Is a Contract?
A contract is a legal agreement between two or more parties. A business contract includes the following:
- Names of all parties
- Contract beginning and end dates
- Payment amounts and schedule
- Steps to take when a party breaks the contract
- Signature with date
Business Contracts: What Are They?
Also known as a contractual business relationship or an agreement, a contract describes expectations for an interaction. It ensures all parties agree to the terms of their relationship.
A contract should include:
- Offer: One party makes the offer, and the other accepts it.
- Exchange: This includes money, goods, and services.
Why Are Contracts Important?
Contracts are essential to protect your business interests. They define boundaries and solutions to any potential problems and
- 8 min read
What is a Portfolio Company?
A portfolio company is a term used to describe a company in which investors own equity in a company or buy out a company. The goal of the investor is to increase the value of the portfolio company and earn a return on their initial investment.
The investment could be in the form of private equity in established companies or venture capital in companies just starting out. One portfolio company usually forms part of a group of companies in the investor's full portfolio.
Who Invests in Portfolio Companies?
Portfolio companies are used by venture capital firms, private equity firms, and other financial investment firms. Some firms build a portfolio of companies that specialize in a specific sector, such as science or engineering. Others have a diverse mix of portfolios.
- 13 min read
What Is Trademark Licensing?
Trademark licensing is the process by which a registered trademark owner, called a licensor or proprietor, allows another party, called a licensee, to make and distribute specific products or services under the licensor's trademark agreement. Trademark licensing is a type of merchandise agreement.
The licensor receives a certain amount of money or royalties, a percentage of all sales, in exchange for sharing the trademark. This compensation is also called consideration. Fashion and consumer products concerned with sports and entertainment are often sold under a trademark licensing agreement.
The licensee usually creates a trademark licensing agreement, but a licensor can also create this document. Both parties usually agree upon the terms before creating a trademark licensing agreement.
To be eligible for legal enforcement, a trademark license
- 5 min read
What is a Special Purpose Vehicle?
A special purpose vehicle (SPV) is a subsidiary of a company which is protected from the parent company's financial risk. It is a legal entity created for a limited business acquisition or transaction, or it can be used as a funding structure. It is sometimes called a special purpose entity (SPE).
An SPV has assets, liabilities, and a legal status outside of the obligations of the parent company. The primary purpose of an SPV is to carry out a specific business activity outside of the parent company, therein protecting the parent company from risks such as bankruptcy and insolvency issues.
Why is a Special Purpose Vehicle Important?
SPVs are formed as limited partnerships, trusts, corporations, or limited liability companies. They adopt the legal protections of the particular business entity. An SPV is created for independent ownership, management, and funding of a company.
An SPV, for examp
- 4 min read
What is Capital Stock?
Capital stock is the common stock and preferred stock that a company is allowed to issue according to its corporate charter. Common and Preferred stock can be separated into different classes of stock with their own features. In accounting, capital stock is one part of the equity section on a balance sheet.' Only corporations can sell capital stock to investors.
Capital stock is not necessarily equal to the number of shares that are currently outstanding. It is the maximum number of shares that can ever be outstanding. If a company wants to change this number, they have to change it on their charter. This is done with a vote. When companies do this, it is usually so that they can raise more capital.