Over the last couple of months, two major stories have dominated the headlines in financial publications: Elon Musk’s takeover of Twitter and the collapse of Sam Bankman-Fried’s crypto exchange FTX. Although they are very different situations, both have commentators and policymakers suggesting it may be time to tighten up the rules regulating...
Nationwide Non-compete Ban May Be on the Horizon
On January 5, 2023, the Federal Trade Commission (“FTC”) proposed a new rule which, if issued, would ban employers from imposing non-compete clauses on its employees. The rule would prevent employers from entering into non-compete clauses with any worker, regardless of their level, circumstance, or salary. This would even apply to...
Class Actions Protect The Privacy Of Illinois Residents
Over the past few years, a number of big tech companies — including Facebook, Google, and Snapchat — have settled class action lawsuits alleging they violated the privacy of Illinois residents. Because of these lawsuits, many Chicagoans have received payments to compensate them for the harm they suffered, and everyone...
Are You An Employee Or Independent Contractor?
Over the past decade or so, the biggest trend in the work world has been the rise of the independent contractor. A big driver of this has been the development of new technology that allows jobs to be sliced and diced into smaller tasks people are willing to do in their free...
5 of the Most Dangerous Toys of All Time
The holidays are here, and with them come worries about what sort of toys our children may be unwrapping this year. Drum sets and electronics that devour batteries are a headache waiting to happen, but it could be worse. Kids in the Chicago area and beyond are often seriously injured by popular...
Time Change Causes Uptick in Fatal Car Accidents
While most of us enjoy getting that extra hour of sleep back after losing it earlier in the year, there are some people who detest Daylight Savings Time. The parents of small children and pet owners are the first to come to mind, but research suggests all of us may want to...
The Secret Sauce Protecting Companies from Competition
At Vaziri Law LLC, we help Chicago area businesses and creators identify and protect their intellectual property so they can continue to profit from it. Many of our clients rely on nondisclosure and confidentiality agreements to protect their business information, processes, client lists, and other trade secrets.
What...
5 Tips For Seasonal Employees
Many Chicago area businesses hire extra employees this time of year to help out with the holiday rush. For example, Amazon recently announced it plans to hire 3,500 extra workers in the Chicago area, while UPS says it needs 8,000 seasonal workers to meet demand in the Windy City. And...
Waivers Aren’t As Spooky As They Seem
With Halloween having just passed, the self-proclaimed scariest haunted house in America requires visitors to sign a 40-page waiver before entering. The extensive document is likely a marketing gimmick, but haunted attractions across the country have been inspired to copy this tactic and require anyone who wants to get spooked to...
Figuring Out Your Fiduciary Duties: I Owe What To Who?
Anyone who owns or operates a business in Illinois should familiarize themselves with our state’s fiduciary duty law. The law is meant to protect businesses and investors from the actions of unscrupulous owners or employees, but even well-meaning people are often accused of breaching their fiduciary duties.
Litigation over...