Resources for Metro-Detroit Businesses
In an unpublished opinion, the Michigan Court of Appeals held that a promissory note for $400,000 that had been transferred to Plaintiffs was not enforceable because the transfer had been …
Photocopy of Promissory Note Will Not Work to Transfer Interest Read MoreThe Alliance of Merger & Acquisition Advisors (AM&AA) is hosting a “Piranha Pool” event this July 22-24 in Chicago for companies to pitch their ideas to a panel of private …
Applicants Sought to Participate in Venture Capital “Piranha Pool” Read MoreBusinesses often enter into release agreements with their customers/clients where there is a possibility of injury. The release should allow the released person or entity to avoid litigation and procedurally …
Better Drafting of Release Agreement May Have Prevented Further Litigation Read MoreGovernor Rick Snyder signed Senate Bill 934 into law on Tuesday increasing Michigan’s minimum wage. The new law repeals the current law governing minimum wage and replaces it with a …
Snyder Signs Bill Increasing Michigan’s Minimum Wage Read MoreA Michigan Circuit Court upheld a contract for $121,485.35 despite the fact that price was not included anywhere in the contract. In J&N Koets, Inc. v. Onemarket Properties Lake Point, …
Missing Price Term Doesn’t Prevent Contract Enforcement Read MoreThe Michigan Court of Appeals in Pettis & Pettis & Assoc. v. Ada Township held that the 10 year statute of limitations under MCL 600.5809 is applicable to consent judgments …
Statute of Limitations Erroneously Applied to Consent Judgment Not Involving Monetary Obligation Read MoreThe essential purpose of arbitration is to resolve disputes straightaway. For this reason, many people that enter into contracts require a provision in the contract that requires disputes to be …
Arbitration Provision Does Not Apply Where It Was Not Intended Read MoreThe essential purpose of arbitration is to resolve disputes straightaway. For this reason, many people that enter into contracts require a provision in the contract that requires disputes to be …
Judicial Review Allowed Before Arbitration Begins or After Arbitration Award Determined, But Not In Between Read More
The Michigan Court of Appeals reversed the trial court’s decision in Turner v. J&J Slavik, Inc., and found that an employee-shareholder still held the same ownership interest in the corporation …
Victory For Demorest Law Firm Client in Michigan Court of Appeals: Court Rules that Employee-Shareholder Maintained His Ownership Interest After Losing His Job Read MoreSimilar to another recent Court of Appeals decision where the Court enforced the terms of a memorandum of understanding, the Court of Appeals has again enforced the terms of a …
Court Again Upholds Terms of “Preliminary” Agreement As If It Were An Enforceable Contract Read More