(312) 399-7390

OUR SERVICES

Outside General Counsel
Various small to mid-sized businesses rely upon Seidman Law Group to act as their in-house and general counsel.  We usually receive the first phone call or email from clients facing legal issues with business implications.
Learn more
General Corporate Law
Seidman Law Group has represented multiple companies in all aspects of corporate law.  As an owner and investor of multiple companies, David Seidman draws on his extensive experience and network of business relationships
Learn more

Litigation and Alternative Dispute Resolution

Business disputes are inevitable drains on your company’s resources.  Time and money are spent on these matters versus operational matters, which frustrates business owners and management. Therefore, each dispute must be dealt
Learn more
Hospitality Law

Seidman Law Group advises developers, owners, and operators of hotels on legal issues related to the hospitality industry.  The firm focuses its efforts on representing developers (E&M Strategic Development, Inc.) and third party management

Learn more
Family Owned and Closely Held Businesses

Seidman Law Group recognizes family businesses have unique challenges beyond the typical legal and business issues faced by other organizations.  A family business needs mature legal counsel who has various tools to meet the challenges of generational

Learn more
NFT Law

Many people are still asking what is an NFT?  What do I actually get when a purchase an NFT?NFT stands for Non-Fungible Token.   A “token” is a digital asset stored on a secure, but transparent distributed blockchain ledger.

Learn more
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Address: 1520 Sheridan Road, Highland Park,
IL 60035, United States

david@seidmanlawgroup.com
+312-399-7390

David Seidman © 2023. All rights reserved. Made with ❤  Seahawk

Outside General Counsel

Various small to mid-sized businesses rely upon Seidman Law Group to act as their in-house and general counsel. We usually receive the first phone call or email from clients facing  legal issues with business implications. Likewise, we usually receive the first phone call or email from clients facing business issues with legal implications. Even better, we proactively reduce the number of these phone calls throughout the lifespan of your business through three simple steps. First, we work with you to understand your business operations, history, and goals. Second, we develop efficient, customized, and creative legal solutions to address your specific situation. Third, we work with you to implement the recommended legal tactics and strategies to ensure they are pursued in a business focused manner. Although every business and its needs are different, services that are often encompassed during the scope of an Outside General Counsel engagement include:
  • Attending meetings to identify corporate issues requiring legal attention.
  • Engaging in “legal maintenance” issues to protect the company and it owners from potential liability by reviewing corporate records, contracts, and practice.
  • Drafting and negotiating commercial contracts, licensing agreements and strategic transactions with detailed annotations to explain the legal ramifications of key issues and to avoid your company ignoring “mere boilerplate language”.
  • Counseling your company throughout the merger and acquisition process as a buyer or seller.
  • Litigating and arbitrating disputes.
  • Purchasing and leasing real estate.
  • Assisting with debt and equity financing issues.

General Corporate Law

Seidman Law Group has represented multiple companies in all aspects of corporate law. As an owner and investor of multiple companies, David Seidman draws on his extensive experience and network of business relationships to advise his clients in both good times and bad times. In addition to owning this law firm, David Seidman owns stakes in hospitality, non-fungible token (NFT), technology, and Covid-prevention companies.
General corporate representation encompasses helping clients address ongoing business demands such as day-to-day operations, financing, and fiscal management. It also includes enabling companies identify and leverage opportunities to expand their businesses. As businesses mature, we provide practical guidance on appropriate exit strategies and transformative business events. At all times, Seidman Law Group works with your accountants, estate planning attorneys, and other professionals. An underappreciated aspect of corporate law focuses on a company’s ability to implement its core values in its core corporate documents. Seidman Law Group encourages its clients to proudly declare its values in operating and shareholder agreements so long as it is done smartly. Over time, we have learned too many business owners fail to state their values clearly and consistently, too. This article in Financial Advisor magazine explains how to avoid one mistake attorneys consistently make: Avoiding Conflicts Between Fiduciary Duties and Family Values. Corporate law services assist you with  variety of legal issues including:
  • Corporate formation and documentation
  • Sale and purchase, services, distribution, noncompetition, and other business agreements
  • Mergers and Acquisitions
  • Commercial lending and related agreements
  • Equity investments
  • Commercial litigation and arbitration
  • Real estate
  • Risk mitigation
  • Corporate compliance

Litigation and Alternative Dispute Resolution

Business disputes are inevitable drains on your company’s resources.
Time and money are spent on these matters versus operational matters, which
frustrates business owners and management. Therefore, each dispute must be
dealt with effectively, efficiently, and creatively by employing our knowledge of
our clients and their business issues.
Because each situation is unique, we are prepared to take either
aggressive or less assertive positions in and out of court to pursue favorable
outcomes. Likewise, we understand litigation, arbitration, and mediation are
business tactics that should be employed—and ceased—once business
objectives are achieved.
The firm has represented a diverse group of clients in a number of cases

involving:
  • Breach of contract
  • Noncompetition and restrictive covenants
  • Ownership disputes
  • Real estate
  • Sports law
  • Trade secrets
  • Constitutional law

In fact, David Seidman successfully litigated a case that started in federal
administrative litigation and was successfully argued before the U.S. Supreme
Court. He was a key member of the team that won the case Federal Maritime.Commission v. South Carolina State Ports Authority, 535 U.S. 743 (2002). The case can be found using this link.

Hospitality Law

Seidman Law Group advises developers, owners, and operators of hotels on legal issues related to the hospitality industry. The firm focuses its efforts on representing developers ( E&M Strategic Development, Inc.) and third party management companies ( Maverick Hotels and Restaurants, LLC ) although it represents other clients in this sector, too. This includes David Seidman himself, who is a minority owner in two hotel developments. Hospitality law is a multidisciplinary field of practice. It requires knowledge of real estate, government relations, employment, and other areas of the law that impact the industry. Navigating the wide range of issues is difficult for hospitality owners and managers; therefore, clients require attorneys who are knowledgeable about the interplay between legal and business issues. Seidman Law Group can accomplish these tasks in a manner that is customized to your general and specific legal needs. Hospitality law services include advising on issues including:
  • Hotel Acquisitions
  • Hotel Developments
  • Management Agreements
  • Franchise Agreements
  • Other Agreements including employment, licensing, real estate, and financing
  • Zoning law
  • Loan documentation and negotiation
  • Employment law

Family Owned and Closely Held Businesses

Seidman Law Group recognizes family businesses have unique challenges beyond the typical legal and business issues faced by other organizations. A family business needs mature legal counsel who has various tools to meet the challenges of generational differences, sibling rivalries, compensation disputes, including non-family members in business management, and avoidance of future issues. This article in Financial Advisor magazine shows how family businesses and their attorneys can proactively prevent potential conflicts. Avoiding Conflicts Between Fiduciary Duties and Family Values. Nonetheless, family disputes erupt into litigation even when excellent legal advice is provided. Likewise, family businesses should only work with attorneys who:
  • Work well with other professional services team member
  • Are not beholden to other professional services firms for referrals that cause implicit conflicts of interest
  • Are not afraid to share candid advice using appropriately worded language with each family member
  • Recommend a variety of checks, balances, and anti-fraud measures to be implemented toward all professional services providers—including the law firms
  • Recognize the importance of periodically replacing professional services firms to fight families’ tendencies to let down their guards and become complacent about fraud prevention
  • Request to serve as litigation counsel after serving as corporate or family counsel
  • Recommend each family member have personal legal counsel on a regular basis

NFT Law

Many people are still asking what is an NFT? What do I actually get when a purchase an NFT? NFT stands for Non-Fungible Token. A “token” is a digital asset stored on a secure, but transparent distributed blockchain ledger. “Non-fungible” means the token is unique like many other collectibles such as baseball cards and artwork. Thus, an NFT is a digital asset that is linked to a discrete and unique asset that determines the token’s value. This is distinctly different from fungible coins like Bitcoin where the millions of identical tokens are the assets themselves. It is important to note an NFT owner may not own the underlying assets. In fact, an NFT owner may not even exercise total control or enjoy exclusive access to the asset— most smart contracts do not convey these rights. Instead, the buyer is receiving an authenticated “implied license” to enjoy the NFT. This is similar purchasing a limited edition of a print or automobile except the artist’s or manufacturer’s claim only a certain number were sold is verifiable. You can still sell the print, automobile, or NFT because the right to own the asset is separate from copyright rights retained by the creator. Seidman Law Group is prepared to  help NFT creators, purchasers, and investors with issues related to:
  • Protecting intellectual property rights related to NFT
  • Creating and auctioning NFTs
  • Negotiating NFT contracts and provisions
  • Litigating NFT issues arising from corporate law, noncompetition agreements, intellectual property law, and other legal issues