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Wendy R Morgan Lawyer

Wendy R Morgan

VERIFIED
Divorce & Family Law, Power of Attorney, Foreclosure

Wendy R. Morgan is the founder and owner of The Law Firm of Wendy R. Morgan. Wendy has been practicing law since 1981 and has been concentrating in Fa... (more)

Marshall N. Dickler Lawyer

Marshall N. Dickler

Real Estate, Estate, Employment, Medical Malpractice, Personal Injury
Chicago, IL Condominium & Homeowner Association Lawyer

Marshall N. Dickler, is a condominium and homeowner association attorney with over 50 years of experience. Based out of Arlington Heights, IL, Attorne... (more)

Monica P Patankar Lawyer

Monica P Patankar

Real Estate, Tax, Divorce & Family Law, Estate Planning, Personal Injury
Aurora, IL Estate Planning & Business Law Attorney

Monica P. Patankar is a partner with the law firm of Patankar Law P.C. Monica takes a compassionate approach to helping clients solve their legal issu... (more)

Joseph M. Lucas Lawyer

Joseph M. Lucas

Accident & Injury, Personal Injury, Business, Real Estate, Elder Law

For the past 25 years, Joseph M. Lucas has been serving his clients that have suffered serious personal, financial, and legal problems. These matters ... (more)

Gregory James Ellis Lawyer

Gregory James Ellis

VERIFIED
Real Estate, Business, Lawsuit & Dispute, Franchising

Estela R. Unzueta Lawyer

Estela R. Unzueta

Immigration, Real Estate, Deportation, Visa

Estela R. Unzueta is an immigration law attorney located in Bensenville, Illinois. Other practice areas include asylum, citizenship & naturalization, ... (more)

Matthew  Gebhardt Lawyer
Matthew Gebhardt
is a Top Attorney Award winner at Attorney.com. Only 5% have the elite qualifications. Click the badge for more info.

Matthew Gebhardt

Matthew Gebhardt is a Top Attorney Award winner at Attorney.com. Only 5% have the elite qualifications. Click the badge for more info.
Criminal, DUI-DWI, Traffic, Real Estate
Matthew Gebhardt has extensive experience in the fields of criminal, traffic, and real estate law.

Attorney Matthew R. Gebhardt is the founder and president of the Law Offices of Matthew R. Gebhardt, P.C. Located in Buffalo Grove, IL, Attorney Gebha... (more)

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CONTACT

847-239-4703

Timothy S Tomasik Lawyer

Timothy S Tomasik

Accident & Injury, Personal Injury, Wrongful Death, Construction, Products Liability

I have been practicing law for 24 years now and I am one of the founding members of Tomasik Kotin Kasserman, LLC. During this time, I have distinguish... (more)

FREE CONSULTATION 

CONTACT

312-605-8800

Darren  VanPuymbrouck Lawyer

Darren VanPuymbrouck

VERIFIED
Accident & Injury, Business, Employment, Real Estate, Health Care

Darren VanPuymbrouck is a trial lawyer with an active nationwide trial practice. As first-chair, he has successfully tried dozens of high-profile, bet... (more)

FREE CONSULTATION 

CONTACT

800-918-9580

Leon J. Teichner Lawyer

Leon J. Teichner

VERIFIED
Estate, Wills & Probate, Trusts, Real Estate

Leon J. Teichner and Associates is a law office in Chicago, IL. Attorney Teichner has been practicing law for 45 years. He obtained his bachelor’s d... (more)

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CONTACT

312-541-2822

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LEGAL TERMS

ARBITRATION

A non-court procedure for resolving disputes using one or more neutral third parties -- called the arbitrator or arbitration panel. Arbitration uses rules of ev... (more...)
A non-court procedure for resolving disputes using one or more neutral third parties -- called the arbitrator or arbitration panel. Arbitration uses rules of evidence and procedure that are less formal than those followed in trial courts, which usually leads to a faster, less-expensive resolution. There are many types of arbitration in common use: Binding arbitration is similar to a court proceeding in that the arbitrator has the power to impose a decision, although this is sometimes limited by agreement -- for example, in 'hi-lo arbitration' the parties may agree in advance to a maximum and minimum award. In non-binding arbitration, the arbitrator can recommend but not impose a decision. Many contracts -- including those imposed on customers by many financial and healthcare organizations -- require mandatory arbitration in the event of a dispute. This may be reasonable when the arbitrator really is neutral, but is justifiably criticized when the large company that writes the contract is able to influence the choice of the arbitrator.

GROSS LEASE

A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintena... (more...)
A commercial real estate lease in which the tenant pays a fixed amount of rent per month or year, regardless of the landlord's operating costs, such as maintenance, taxes and insurance. A gross lease closely resembles the typical residential lease. The tenant may agree to a 'gross lease with stops,' meaning that the tenant will pitch in if the landlord's operating costs rise above a certain level. In real estate lingo, the point when the tenant starts to contribute is called the 'stop level,' because that's where the landlord's share of the costs stops.

LEASE OPTION

A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to b... (more...)
A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance. A lease option is often a good arrangement for a potential home buyer because it lets him move into a house he may buy without having to come up with a down payment or financing at that time.

LICENSE (OF INVENTION, COPYRIGHT OR TRADEMARK)

A contract giving written permission to use an invention, creative work or trademark. A license provides a way to make money from your invention or creative wor... (more...)
A contract giving written permission to use an invention, creative work or trademark. A license provides a way to make money from your invention or creative work without having to manufacture and sell copies yourself. By licensing an invention or work to a company, you get money (often in the form of royalties) in return for allowing the company to use, produce and sell copies of your invention or work in the marketplace.

MECHANIC'S LIEN

A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Ty... (more...)
A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for the purpose of improving it. Typical lien claimants are general contractors, subcontractors and suppliers of building materials. A mechanics' lien claimant can sue to have the real estate sold at auction and recover the debt from the proceeds. Because property with a lien on it cannot be easily sold until the lien is satisfied (paid off), owners have a great incentive to pay their bills.

NOVATION

The substitution of a new contract for an old one. A novation may change one of the parties to the contract or the duties that must be performed by the original... (more...)
The substitution of a new contract for an old one. A novation may change one of the parties to the contract or the duties that must be performed by the original parties.

FUTURE INTEREST

A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian,... (more...)
A right to property that cannot be enforced in the present, but only at some time in the future. For example, John's will leaves his house to his sister Marian, but only after the death of his wife, Hillary. Marian has a future interest in the house.

CONSIDERATION

The basis of a contract. Consideration is a benefit or right for which the parties to a contract must bargain; the contract is founded on an exchange of one for... (more...)
The basis of a contract. Consideration is a benefit or right for which the parties to a contract must bargain; the contract is founded on an exchange of one form of consideration for another. Consideration may be a promise to perform a certain act -- for example, a promise to fix a leaky roof -- or a promise not to do something, such as build a second story on a house that will block the neighbor's view. Whatever its particulars, consideration must be something of value to the people who are making the contract.

HOMESTEAD DECLARATION

A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that ... (more...)
A form filed with the county recorder's office to put on record your right to a homestead exemption. In most states, the homestead exemption is automatic--that is, you are not required to record a homestead declaration in order to claim the homestead exemption. A few states do require such a recording, however.