Chicago Real Estate Lawyers
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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.
- 11 min read
What Is a Non Solicitation Agreement?
A non solicitation agreement is a common contract clause that says if you work for a competitor, you won't solicit any business clients, bring over any employees, or use any confidential information connected to your current job. In other words, you can't use your old company contacts to help your new company.
For example, imagine you're a high-ranking salesperson for a company that sells copper wire. Because of your job, you've spoken with copper wire buyers all across the globe. One day, a different copper wire seller offers you a better job and you accept. If your employment contract with your first job has a non solicitation agreement, you can't go to the copper wire buyers and ask them to switch suppliers because you've switched employers. The same applies if you go into business
- 13 min read
What Is Startup Valuation?
Startup valuation is simply the value of a startup business taking into account the market forces of the industry and sector in which that business belongs.
These factors include the balance (or imbalance) between demand and supply of money, the size of recent events, the willingness of investors to pay premiums to invest in the company and the level of need the company has for money.
What Is a Startup?
A startup company is a new business which is potentially fast growing and aims to fill a hole in the marketplace by developing and offering a new and unique product, process or service but is still overcoming problems.
Startup companies need to receive various types of funding in order to rapidly develop a business from their initial business model that they can grow and build up.
Difference Between Startup Valuation and Mature Business Valuation
Startup businesses will usually have
- 7 min read
What is a Right of First Refusal?
A right of first refusal, also called an ROFR, a first right of refusal, or a last look provision, gives a person or company the opportunity to start a business transaction before anyone else can. It could provide the first chance to buy stocks or real estate at the same price and terms as another offer. If the holder of the right of first refusal declines, the owner of the asset can sell it to whomever they want.
There's even an ROFR in many child custody agreements. It requires that one parent offer the other parent the chance to watch the kids before using a family member or outside child care.
A Right of First Offer: What is it?
A right of first offer or ROFO requires owners to tell the holder first when they plan to sell an asset. Then the holder of the ROFO has the right to make the first offer on the business, stocks, or property. The seller can accept or reject the offer, speak to other buyers,