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Leo & Weber, P.C.
1 N. LaSalle Suite 3600
Chicago, Illinois 60602
Phone: 312.857.0910
Fax: 312.857.1240
Email the firm

Leo & Weber, P.C.
20 W. Michigan
New Buffalo, MI 49117
Phone: 269.469.1355
Fax: 269.469.2316
Email the firm


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Frequently Asked Questions about Business and Commercial Law

Q: What body of law governs a contract for the sale of goods?

A: A contract for the sale of goods is governed mainly by state law. Most states have adopted Article 2 of the Uniform Commercial Code (UCC) as part of their state commercial law. Article 2 provides rules for all phases of a sales contract including formation, modification, performance, and available remedies in the case of a breach.

Q: What body of law governs a lease of goods?

A: A contract for the lease of goods is also primarily regulated by state law. However, most states have adopted Article 2A of the Uniform Commercial Code.

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Leo & Weber – Business and Commercial Litigation Attorneys - Chicago, Illinois and New Buffalo, Michigan

The Chicago law firm of Leo & Weber was founded by T. Scott Leo and Michael Weber in 1998. The firm has recently expanded with the opening of its Michigan office.  The firm provides services throughout the Midwest and nationally in the areas of fidelity insurance and litigation, surety bond claims and litigation, surety creditor workouts and bankruptcies, construction litigation, business and commercial litigation.

Leo & Weber has attorneys who are licensed in Illinois, Indiana, Michigan and Minnesota. Its attorneys are experienced trial attorneys who have tried some of the largest surety cases in the industry. The firm members have published numerous journal articles and papers on construction law, fidelity and surety law and have lectured to a wide range of industry groups.

The goal of Leo & Weber is to provide the highest quality service to its clients in those areas of the law in which its lawyers are highly qualified. It is a small firm that offers the experience and range of services within its areas of practice that gives it the depth of a large firm, while being committed to offering the personal attention to client matters that is the mark of a small firm. 

 

Business and Commercial Law - An Overview

Business law and commercial law are broad legal topics that encompass business, commerce, consumer transactions, and the formation and management of business entities. Some of the more important areas of commercial law include sales, secured transactions, negotiable instruments, and debtor and creditor law. Business law overlaps, but also includes the formation and management of business entities. An attorney with experience in business and commercial law can help you with all of your questions.

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The Sale, Lease, and Distribution of Goods

Contracts for the sale, lease, and/or distribution of goods are primarily governed by state law. However, most states have adopted the Uniform Commercial Code ("UCC") with regard to these topics. An attorney who is experienced with the UCC can help you with your questions.

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Secured Transactions and Negotiable Instruments

Secured transactions and negotiable instruments are two important areas of commercial and business law. In a secured transaction a borrower agrees that the lender may take collateral owned by the borrower should the borrower default on a loan. It is a way to secure a loan. A negotiable instrument is a writing that promises the payment of a fixed amount of money. Both of these areas are essential to modern business loans and everyday transactions. An attorney with experience in business and commercial law can help you with your secured transaction and/or negotiable instruments questions.

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Consumer Credit: Debtor and Creditor Laws

Credit allows people to promise to pay in the future in order to buy or borrow in the present. Credit is vital to our commerce system and is used every day by businesses and consumers. An understanding of the law governing credit is vital to protect your own interests, whether you are the creditor, a business owner, an entrepreneur, or a lending agency. An attorney with experience in debtor and creditor law can help you with all of your questions.

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The Formation and Management of Business Entities

The forming and managing of business entities are important areas of business and commercial law. There are a variety of common business organization forms. However, most businesses are well served by a variation of one of the four major organizational forms. These major forms include: (1) the sole proprietorship, (2) the partnership, (3) the limited liability company, and (4) the corporation. Each form has its specific advantages and pitfalls. A core focus on liability and tax implications should guide a new business owner in his or her selection. A business and commercial law attorney can help you select and manage the business form that is best for you.

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If you need skilled business and commercial law lawyers, contact us at the following address:

Leo & Weber, P.C.
One N. LaSalle Street, Suite 3600
Chicago, Illinois 60602
Phone: 312.857.0910
Fax: 312.857.1240
Leo & Weber, P.C.
20 W. Michigan
New Buffalo, MI 49117
Phone: 269.469.1355
Fax: 269.469.2316
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