Acquisitions Lawyers for Peoria, Illinois
Need an acquisitions lawyer in Peoria, Illinois?
ContractsCounsel matches businesses with Peoria-based acquisitions lawyers, providing fixed-fee quotes from vetted attorneys with the first proposal typically arriving in just a few hours.
Hire a Lawyer for 60% Less than Traditional Law Firms
Meet some of our Peoria Acquisitions Lawyers
Brett S.
I attended the University of Illinois- College of Law on a full merit scholarship. While in law school, I was a 711 Attorney at the Lake County State's Attorney's Office, specializing in traffic and misdemeanor cases. After graduation, I served as in-house counsel for one of the largest insurance companies in the world, managing thousands of cases from initial intake to trial. Upon leaving this position, I accepted a role as Legal Counsel to the Illinois Senate Minority Leader. There, I advised Senators on legislative matters, labor and employment law, and complex constitutional questions. After leaving public service, I accepted a role at a mid-size Chicago-based law firm, where I practice insurance defense and litigation. In addition to this, I also serve as outside general counsel to a food brokerage business, where I handle all of their labor and employment matters.
"Prompt and delivered project on time even with short notice."
Frank V.
Navy veteran with 15 years experience practicing law in Chicago.
"Frank was very nice and informative. I really appreciate the insight he gave me. Thank you so much!"
John B.
I am an attorney with over 13 years experience licensed in both Illinois and Indiana. I spent the early part of my career as a civil litigation attorney. Eventually, I moved into an in-house role, specifically as general counsel, to help companies avoid the pains of litigation. In doing so, I gained significant experience in executive leadership, corporate governance, risk management and cybersecurity/privacy. I bring this wealth of experience to my client engagements to not only resolve the immediate issue, but help implement lasting improvements in practices to avoid similar problems going forward.
August 9, 2023
Daniel K.
My practice focuses on business and commercial litigation. I have worked with companies of all sizes from sole member LLCs to those in the Fortune 500. I've advised clients on mergers, equity issuances, commercial transactions, joint ventures, employment issues, and non-competition. I've also drafted and negotiated the underlying agreements for these transactions and more.
July 5, 2023
Megan W.
My solo attorney law office is focused heavily on Family Law, but I also do residential real estate, and prepare Wills & Trusts.
July 23, 2023
Karen H.
During my tenure as VP & Division General Counsel of PepsiCo Inc. in Chicago, I built upon my diverse career overseeing legal matters for both the domestic and international businesses of PepsiCo and The Quaker Oats Co. My extensive practice areas included M&A, contracts, competition, NDAs, regulatory compliance, consumer product & protection, environmental, patents, and advertising regulations. Throughout my professional journey, I navigated legal complexities associated with an eclectic range of products, spanning juices, sports drinks, cereals, snacks, needlepoint kits, canned goods, eyeglasses, men's suits, car seats and toys. For further information, see my LinkedIn: http://linkedin.com/in/karen-hunter-a700179
July 26, 2023
Charles M.
Mr. McElvenny has extensive experience handling and developing strategy for complex commercial and real estate cases. He’s drafted hundreds of complaints ranging from simple breaches of contract to complex commercial claims including breach of fiduciary duty, constructive trusts and misappropriation of trade secrets. He has an excellent record in trial, arbitration and mediation. He also has significant experience in motion practice in both state and federal court. Through his work in corporate law, Mr. McElvenny has developed considerable experience with Limited Liability Company member disputes and general corporate governance. He’s drafted a number of industry-specific documents such as Operating Agreements (for Limited Liability Companies), commercial leases, settlement agreements and employment contracts. Mr. McElvenny has also represented criminal defendants in felony matters and assisted in the defense of civil matters arising from alleged SEC violations. He has represented individuals appearing before the Illinois Department of Professional Regulation as a result of SEC proceedings. After graduating with a B.A. in Philosophy, Mr. McElvenny proceeded from Loyola University-Chicago to DePaul University College of Law, receiving his JD from that institution in 2002. In 2010, he earned his Master’s of Science in Accounting from Loyola University-Chicago’s Graduate School of Business. Mr. McElvenny was selected to Illinois’ Super Lawyers Rising Stars in 2010, 2012 and 2013.
August 1, 2023
Timothy J.
Financial Services, Business, Corporate, Personal Injury, and Healthcare. I've represented fortune 100 companies and defended individuals in personal debt litigation. Wide breadth of experience, ready to assist.
August 2, 2023
Dennis W.
2008 - Present: Sole Practitioner – Dennis W. Winkler, P.C. Practice primarily in finance and business transactions, as well as commercial real estate transactions. Represent developers, investors, lenders, and businesses, in such matters as: corporate entity selection, drafting and negotiating complex asset purchase agreements, corporate mergers and sales, stock purchase agreements, and various other business contracts for closely related businesses. Involved in a variety of real estate developments, multi-family apartment buildings, construction and acquisition financing, commercial leasing, sophisticated workout transactions, joint ventures, and tax-deferred exchanges. Advise on tax and other savings incentives available to business owners and real estate owners in Illinois. Advise companies involved in related real estate activities such as sales, leasing, property management, brokerage, and construction. Tax experience that includes the representation of taxpayers in State and Federal controversies including: sales/excess tax disputes and responsible parties’ tax assessment protest. Additionally, Dennis has experience in the protest of real estate taxes of commercial and multi-family real estate. As a legal and business advisor, Dennis is committed to helping clients find, develop, and close deals that further their business objectives. Dennis regularly advises entrepreneurs and closely held businesses on matters incidental to their day-to-day business operations as well as their capital raising and start-up needs, corporate structure, private equity raises, and operating agreements. Much like general counsel, Dennis’s breadth of experience allows him to not only provide strategic planning and routine business transactional support to companies, but he also regularly advises on a number of unique issues facing companies by spotting issues and engaging specialists when needed, such as intellectual property, environmental, and bankruptcy counsel. As such, Dennis has been actively involved in sales and acquisitions of manufacturing companies, trucking companies, and logistics companies.
August 10, 2023
Ronald P.
Senior experienced contracts/transactions attorney in the Software Technology space. Also very versed in general corporate legal matters relating to business operations.
September 6, 2023
Andre T.
Commercial Litigation attorney providing advice and counsel to management regarding employment related matters and risk management issues
September 6, 2023
Nadir C.
I am a licensed attorney in Illinois, I am currently a Regulatory Compliance Analyst.
Find the best lawyer for your project
Browse Lawyers NowAcquisitions Legal Questions and Answers
Acquisitions
Lock-up Agreement
California
Can you explain the purpose and implications of a lock-up agreement in the context of a business acquisition?
I am currently in the process of selling my small business to a larger corporation. As part of the negotiations, the acquiring company has proposed including a lock-up agreement in the deal. While I have a general understanding that a lock-up agreement restricts the sale of shares for a specified period after the acquisition, I would like a more detailed explanation of its purpose and potential implications. Specifically, I would like to know how long the lock-up period typically lasts, whether there are any exceptions or conditions that may allow me to sell my shares before the lock-up period expires, and what potential risks or advantages I should consider before agreeing to such an arrangement.
Phillip Z.
Entering into a lock-up agreement when selling your business can have significant implications. Depending on the complexity of the transaction, the lock-up period can range from a few months to over a year. A lock-up agreement may limit your ability to negotiate certain aspects of timing and terms. However, it can also help stabilize a potential acquisition and mitigate risk for the buyer. Being unable to sell your interest in the business during the lock-up period can impact liquidity and your ability to manage the tax effects of the eventual sale. Of course, the specific terms within the lock-up agreement will play a crucial role.
Acquisitions
Business Purchase Agreement
California
Can I assign rights in a business purchase agreement?
I am in the process of purchasing a business and I am considering assigning some of my rights under the purchase agreement to a third party. I would like to know if this is allowed under the law and what the potential risks or consequences might be. I am also interested in understanding the steps that need to be taken to ensure that all parties are adequately protected under the agreement.
David B.
The general rule is that contracts may be freely assigned to third parties. However, most agreements have clauses that limit or prohibit assignment unless the non-assigning party agrees to the assignment.
Acquisitions
Asset Purchase Agreement
Texas
How does an asset purchase agreement work with debt?
I am buying a business and want to use an asset purchase agreement based on what I've read, but I believe the company has debt. How does this work? Will I also be buying the debt? Any help is appreciated
John S.
It depends. If you want to use an asset purchase agreement to purchase just the assets of the company instead of the entire company, then an asset purchase agreement is the way to go as you could avoid taking on the company's existing debts. However, if you plan to buy the business as a whole I would expect you will inherit the debts as well unless you draft a release from the former owners.
Acquisitions
Escrow Account Agreement
Georgia
What are the key provisions that should be included in an Escrow Agreement?
I am in the process of finalizing a business deal where I will be placing a substantial amount of money into an escrow account. I want to ensure that my interests are protected and that all parties involved are clear on the terms and conditions. I would like to know what are the essential provisions that should be included in an Escrow Agreement to safeguard my investment and mitigate potential risks.
Jerome L.
Great question—and smart move getting ahead of this. When you're placing a substantial amount of money into escrow, the agreement becomes critical to protect your investment and ensure all parties are aligned on how the funds will be handled. Here are the key provisions that should be included in a well-drafted Escrow Agreement: Parties to the Agreement Clearly identify the buyer, seller (or contracting parties), and the escrow agent, including their contact details and roles. Purpose of the Escrow Define why the funds are being held—whether it’s for a business acquisition, service milestone, asset transfer, etc. Escrowed Funds or Assets Specify the amount or nature of what is being held in escrow, including how it should be handled (e.g., deposited into an interest-bearing account). Conditions for Release Detail exactly when and how the escrow agent is authorized to release the funds—e.g., upon delivery of services, closing of a deal, receipt of signed documents, etc. Instructions & Disbursement Process Outline how release instructions are communicated, who must approve them, and what form they should take (e.g., written, signed by both parties). Duties & Liabilities of the Escrow Agent Define the escrow agent’s responsibilities, their standard of care, and a liability limitation clause to avoid disputes over unintentional delays or errors. Fees & Expenses Clarify who pays the escrow fees and how those fees will be structured—fixed, hourly, or percentage-based. Dispute Resolution Clause Include a provision on how disputes will be handled if there’s a disagreement about release conditions (e.g., mediation, arbitration, or court jurisdiction). Termination & Expiration Explain when the agreement ends—whether upon release of funds, mutual agreement, or lapse of a set time period—and what happens to the funds if unresolved. Governing Law Identify which state's laws will apply to the agreement, particularly if parties are in different jurisdictions. If you'd like, I can help draft or review your escrow agreement to ensure these provisions are solid and customized to your deal. Happy to help you safeguard your investment and give you peace of mind at every stage.
Acquisitions
Business Purchase Agreement
California
Who signs the business purchase agreement?
I am looking to purchase an existing business and am currently in the process of negotiating a business purchase agreement. I am not sure who is responsible for signing the agreement and would like to know who needs to sign in order for the agreement to be legally binding. I am hoping to get some clarification on this matter so that I can move forward with the purchase.
David B.
The short (but not very helpful) answer is: a person that is authorized by the business to bind the business. So, if the business being acquired in a corporation, it would likely be the CEO. During due diligence, the business being acquired should disclose that information and provide a copy of the minutes of a meeting of the Board of Directors showing that such person has been duly authorized. Occasionally, the CEO will sign an agreement stating that she has been duly authorized and is personally liable, and if she isn't she will be personally responsible for the problems tha arise. That being said, each deal is different depending on the facts. First, what type of entity is being acquired? Is it a corporation or LLC or partnership or something else? Second, what was done by the entity to vest authority in the person that will sign the acquisition agreement? Underlying all of this is the need to ensure that the seller is telling the truth. You may want to contact the department of corporation in your state to ensure that the entity has been duly registered, is current on all of its filing and verify that the person signing the agreement is listed on the paperwork.
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
View Trustpilot ReviewHow It Works
Post Your Project
Get Free Bids to Compare
Hire Your Lawyer
Acquisitions lawyers by top cities
- Austin Acquisitions Lawyers
- Boston Acquisitions Lawyers
- Chicago Acquisitions Lawyers
- Dallas Acquisitions Lawyers
- Denver Acquisitions Lawyers
- Houston Acquisitions Lawyers
- Los Angeles Acquisitions Lawyers
- New York Acquisitions Lawyers
- Phoenix Acquisitions Lawyers
- San Diego Acquisitions Lawyers
- Tampa Acquisitions Lawyers
Acquisitions lawyers by nearby cities
- Aurora Acquisitions Lawyers
- Chicago Acquisitions Lawyers
- Elgin Acquisitions Lawyers
- Joliet Acquisitions Lawyers
- Naperville Acquisitions Lawyers
- Rockford Acquisitions Lawyers
- Springfield Acquisitions Lawyers
Contracts Counsel was incredibly helpful and easy to use. I submitted a project for a lawyer's help within a day I had received over 6 proposals from qualified lawyers. I submitted a bid that works best for my business and we went forward with the project.
View Trustpilot Review
I never knew how difficult it was to obtain representation or a lawyer, and ContractsCounsel was EXACTLY the type of service I was hoping for when I was in a pinch. Working with their service was efficient, effective and made me feel in control. Thank you so much and should I ever need attorney services down the road, I'll certainly be a repeat customer.
View Trustpilot Review
I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.
View Trustpilot ReviewHow It Works
Post Your Project
Get Free Bids to Compare
Hire Your Lawyer