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Contracts

WILL THE SUPREME COURT KILL THE CFPB?

  • March 16, 2023
  • by John Stoddard

As part of the administration’s push to curb excessive fees, the Consumer Financial Protection Bureau is proposing drastic reductions to fees charged to consumers by credit card companies.  If approved, the unintended consequences of higher interest rates, lower credit lines, and fewer new cards being […]

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A STATE AWASH IN WEED . . . AND AN INDUSTRY AWASH IN DEBT

  • March 10, 2023
  • by John Stoddard

Michigan voters approved medical marijuana in 2008 and its recreational use in 2018.  The Great Lakes State is purportedly the third largest market for cannabis in the country, after California and Colorado. There are at least three major problems facing the industry, including too much […]

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Do all Land Sale Contracts have to be in Writing?

  • February 21, 2023
  • by Admin

Michigan has longstanding law that requires certain agreements or contracts be in writing to be considered legally enforceable.  This is known as the statute of frauds.  The land sale contracts and certain lease agreements are included under this statute of frauds, which require these types […]

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WE HAVE CHANGED OUR TERMS – Why you should read the fine print

  • January 10, 2023
  • by John Stoddard

“We have changed our terms.”  How often do you get this pop-up or email? It seems like companies, services, and platforms are constantly changing their terms. Now—answer honestly. How often do you read those changed terms or the fine print of any contract, whether in original […]

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Preparing for a Possible Recession

  • June 23, 2022
  • by John Stoddard

Charlie Scharf says there is “no question” we’re headed into an economic downturn and likely a recession. Jamie Dimon says to “brace yourself” for an economic hurricane.  Elon Musk has a “super bad feeling” about the economy.  (Even though Elon thought we’d have zero Covid cases […]

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Non-Compete Agreements are Still Enforceable in Michigan, But Businesses Should Prepare for a Day When They Aren’t

  • November 11, 2021
  • by Zana Tomich

In an article titled “The Great Acceleration,” McKinsey asserts that, “The COVID-19 crisis has intensified existing trends.” From remote work to digitization, we’ve seen a number of workplace trends gain steam since March 2020. Another is the movement, among courts and lawmakers, to limit the […]

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Circumstances may change, but contracts do not

  • July 28, 2021
  • by Zana Tomich

At some point in our lives, we have all been told, “Make sure you get it in writing.” This advice is often repeated because it is true. However, it is equally important to make sure to review and completely understand the terms of that writing. […]

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Understanding Indemnification Clauses

  • March 26, 2021
  • by Admin

If you have ever read a contract, it is likely that you would have come upon an indemnification clause.  These clauses tend to be placed towards the end of a contract and can be confusing for many. So what is an indemnification clause? Indemnification is […]

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Three Ways Boilerplate Language Impacts a Business Divorce

  • March 24, 2021
  • by Zana Tomich

Time and again, I am contacted by clients experiencing difficulty with their business partners, or fellow shareholders, and looking for a way out. The conversation usually results in a review of the company’s organizational documents. More often than not, we find the parties adopted boilerplate […]

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Zana Tomich Named a “Go-To” Business Lawyer by Michigan Lawyers Weekly

  • January 4, 2021
  • by Emily

Media Contact: Barbara Fornasiero; EAFocus Communications; barbara@eafocus.com; 248.260.8466 Detroit—December 30, 2020—Zana Tomich, co-founder of Detroit-headquartered law firm Dalton & Tomich PLC, has been named a Michigan “Go-To” Lawyer for Business by Michigan Lawyers Weekly.  The publication’s “Go-To” Lawyer honor spotlights Michigan lawyers who are leaders […]

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The attorneys of Dalton & Tomich, PLC have the experience and the knowledge to work with you to develop a legal solution that helps accomplish your goals. Our collaborative approach has helped leaders like you grow businesses and banks, develop and expand churches, and build nonprofit organizations nationwide.