Does the Illinois Automatic Contract Renewal Act apply only to individual consumers - or to businesses as well?
William's answer
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Answered on July 26, 2011
The Act, 815 ILCS 601/10, references deals with "a consumer." It does not define the term "consumer."
Hope this helps,
Bill Price
William...
Archived
Can a 51% owner/partner only be paid 10% of profit and 49% owner/partner be paid more(49% owner/partner runs the company).
William's answer
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Answered on July 26, 2011
The amount of payout depends on the agreement reached by the investors. The 51% owner could agree to be paid nothing, if he or she could absorb the...
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