One of our Chicago information technology lawyers was quoted in a small business focus section of the December 13, 2010 edition of Crain’s Chicago Business, as well as its online affiliate ChicagoBusiness.com. The Focus section features segments on “Five Trends that will Affect Your Small Business in 2011.” Jeremy A. Gibson was interviewed for a piece on why small business owners should be concerned about how the Federal Communications Commission approaches “net neutrality,” or policies designed to preserve a level playing field when it comes to access to Internet search, content delivery and other services. The article can be found here; for a related blog item by Mr. Gibson, see the Chicago Business Lawyer Blog. Mr. Gibson regularly advises clients on Internet and e-commerce law issues, such as clickwrap agreements, privacy policies, online marketing practices and website development contracts.
Our Chicago business contract attorneys recently represented the owners of a large supplier of fresh food to upscale restaurants in connection with initiatives to roll out video poker and blackjack terminals pursuant to the Illinois Video Gaming Act, adopted in 2009. The Act authorizes the placement of the video poker terminals in certain “licensed establishments,” which include restaurants and clubs where alcoholic beverages are served. Our clients, with contacts to many well-known restaurants in metropolitan Chicago, negotiated an exclusive arrangement to procure the placement of video gaming terminals in certain suitable locations on behalf of a video gaming operator.
Our Chicago corporate lawyers recently represented the majority shareholder in the purchase of a large block of shares from the only other shareholder of a growing game coaching, tutoring and training business. The two interested parties were 51 percent and 49 percent owners of the corporation and their respective roles and interests had changed. The minority owner was no longer actively involved, but wanted to retain a small interest. Accordingly, we represented the majority shareholder in the purchase of almost all of the interest of the other owner, including as to the negotiation of a stock purchase agreement and restructuring of the management and control arrangements.
Our Chicago and Deerfield technology attorneys recently advised an information technology firm with respect to entering into a significant subcontractor agreement for software programming and related work. We reviewed the proposed contract for technology services and counseled our client LLC regarding typical subcontracting issues, such as early termination provisions, sharing of collection risks, intellectual property infringement, mutuality of representations and warranties, selection of remedies and personal liability.
Our Chicago contract attorneys recently represented an unmarried couple without children in the expedited negotiation and preparation of a domestic separation agreement. The couple had been together for many years and shared a condominium, bank accounts, telephone plans, art work and other assets and arrangements. Circumstances led to a decision to part ways and one member to move out of state in just over a week. We ramped up quickly to assist in the identification of property and other matters to address and then drafted within a matter of days to their mutual satisfaction a form of agreement providing for orderly allocations of assets and transition and separation procedures.
Our Chicago and Deerfield intellectual property and technology attorneys recently have counseled a number of employees with possible business and departure plans regarding their proprietary rights and obligations. It is very common for virtually any employer of any substantial size or sensitivity to IP issues to require employees sign a non–disclosure agreement, that may include prohibitions on solicitation and competition, as well as an inventions and assignment agreement. When employees are considering starting their own business, joining a potential competitor or even just doing a similar job at a non–competitor, serious questions can arise about whether they’re entitled to implement their plans or whether they or a new employer may be sued for breach of such confidentiality, non–compete or other agreements. For instance, we recently reviewed relevant agreements and provided advice on how to interpret them and minimize litigation risks for employees in the environmental, investment, medical, software and sales sectors.
Jeremy A. Gibson & Associates, P.C. recently represented an experienced business manager in the purchase of an established crafts business in Chicago. First, we handled the preparation and negotiation of an asset purchase agreement. Second, we formed a limited liability company to be the acquisition vehicle and prepared an operating agreement. Third, we advised our client in negotiating an extension and new terms in the existing lease for the retail space used by the business.
Jeremy A. Gibson & Associates, P.C., is pleased to announce the Chicago Business Lawyer Blog, which can be found at http://www.chicago-business-lawyer-blog.com/. Given the overwhelming amount of data generated every day, the firm is producing the blog to provide a trusted source of essential business law information in a highly selective and concise form. Our principal attorney, Jeremy A. Gibson, is a former newspaper reporter and looks forward to combining his interest in law and journalism. The blog will focus upon key points every owner or manager should know about corporate, contract, intellectual property, technology, employment, regulatory and other aspects of business law.
Chicago business attorney Jeremy A. Gibson has formed his own law firm, Jeremy A. Gibson & Associates, P.C., with offices in Chicago and Deerfield. The firm was established to bring sophisticated, personalized corporate expertise to entrepreneurs, companies and managers at reasonable rates. Mr. Gibson spent more than 15 years practicing with two leading Chicago law firms and in-house with a global management and technology consulting firm. He is a graduate of the University of Michigan Law School. Jeremy A. Gibson Associates, P.C. is available by appointment for meetings throughout the metropolitan Chicago area.