An indemnification clause is a promise that one party will compensate the contract’s other party for specific costs, losses and/or additional third party litigation. This is a crucial point in any client-vendor contract, and one that so often results in litigation suits.
To help avoid costly litigation, below is a brief explanation of indemnification clauses.
The Parties […]
Jackson Corporate Law Office managing partner Jamal Jackson has been nominated for a 40 Under 40 Game Changers award by The Urban Business Roundtable, WVON-AM and Ariel Investments. The annual honor recognizes black business achievers under 40 for their groundbreaking work in their industry and community.
The award ceremony will take place on Thursday, Sept. 29 at […]
Women’s Equality Day, Friday, August 26, commemorates the day in 1920 when the 19th Amendment to the United States Constitution was certified as law, giving women the right to vote. Although great strides have been made in equality, women in the workplace still struggle.
The first step in closing the gender gap is to know your […]
Our own managing partner Jamal Jackson was honored last week with a Power 30 Under 30 Award by the Apex Society for his extraordinary success in business and dedication to giving back to the community. The award is one of the most prestigious honors given to young professionals under the age of 30.
The Apex Society […]
Please join us on Aug. 2 at 5:30 p.m. at Vertigo Sky Lounge for the launch of The Excel Project, a nonprofit that introduces children and teens from underserved communities to the legal field. A foundation of Jackson Corporate Law Offices, P.C., the event commemorates the firm’s three-year anniversary.
The Excel Project, a Chicago 501(c)(3) public […]
So you’ve decided to fund your business succession plan with a life insurance policy. Smart move. However, don’t make the mistake of leaving the insurance proceeds to Uncle Sam. In this article, I discuss the importance of Irrevocable Life Insurance Trusts (“ILIT”).
Without proper planning, a departing owner may leave a business in […]
On May 18, 2016 the U.S. Department of Labor announced a final rule regarding overtime payment qualifications under the Fair Labor and Standards Act (the “FLSA”). The rule is to be effective as of December 1, 2016 and it raises the required salary amount that an employee must be paid if that employee is […]
Rosa Parks, Misty Copeland, Michelle Obama, Mae Carol Jemison, Sandra Day O’Connor, Margaret Thatcher, and Angela Merkel… what type of feelings do you have when you hear these names? I feel impressed, motivated, in-awe.
I recently, held a women’s roundtable networking event that was aimed at getting women together to discuss real issues that women face […]
On October 30, 2015, the Securities & Exchange Commission released the long-anticipated final regulations for Equity Crowdfunding, which was a provision of Title III of the 2012 JOBS Act. The passing of these final rules set into motion what could possibly be the largest shift in capital access and investment in the private markets… ever.
These […]
Have you been served with a Citation to Discover Assets from a creditor? Are you wondering which of your assets are subject to collection? Your attorney will know the specifics for defending your action, but this article describes a couple of exemptions that you can request to protect some of your assets. (Please note that these exemptions do […]
