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Business Law Blog | Business Law Section
This blog discusses topics of interest to business lawyers, including changes in federal and Wisconsin statutes, appellate and Supreme Court decisions, general developments, practice tips and pointers, procedural issues, and more. It is published by the State Bar of Wisconsin's Business Law Section which brings together members who work in the fields of corporation, banking, partnership, securities, antitrust, trade regulation, commercial law, employer-employee relations, insurance, intellectual property and other areas of business law. Members are focused on developing and improving the law in their areas of expertise. The section also presents CLE programs and publishes a newsletter.
Members of the State Bar of Wisconsin may join the section by visiting https://www.wisbar.org/formembers/groups/pages/join-a-group.aspx (login required).
Section website: https://www.wisbar.org/formembers/groups/sections/BusinessLawSection/pages/home.aspx
Latest from Business Law Blog | Business Law Section
Five Terms Wisconsin Municipalities Should Revise Before Signing Construction Contracts
The American Institute of Architects (AIA) publishes a widely used family of template-based construction contract documents, including A201, the General Conditions of the Contract for Construction. Many Wisconsin municipalities adopt these forms assuming they are balanced, neutral, and suitable for public-sector use without significant revision.
In practice, however, several provisions shift critical project risk away from contractors and toward municipal owners – particularly late in the project when system performance, commissioning, scheduling, and public expectations are most important.
Is Legalized Medical Marijuana Coming to Wisconsin?
Lawmakers have introduced a bill (LRB 25-1726) in both houses of the Wisconsin legislature to legalize and regulate medical marijuana. If passed, Wisconsin would be the 41st state to legalize medical cannabis.
The bill was introduced in the Senate on Sept. 29, 2025, by President Mary Felzkowski, R-Tomahawk, and Senate President Pro Tempore Patrick Testin.
The bill comes on the heels of anticipated federal action, including statements by the Trump administration about cannabis rescheduling for purposes of the Controlled…
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AI-Written Contracts: What to Do When a Client Brings You One
The “home cooking” or DYI of business documents is nothing new. There have always been people who have chosen to draft important documents without the help of an attorney, often to their detriment. The recent rise of AI tools which offer content generation in moments has seen many business owners and entrepreneurs use them to generate contracts, corporate documents, and even complex legal strategies without the involvement of attorneys. Why AI-drafted Agreements Often Fall Short While AI tools typically…
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OBBBA Rewrites the Rules for Opportunity Zone Investments
Opportunity Zones initiate economic growth and job creation in low-income communities by using tax breaks to incentivize investment. Originally created by the 2017 Tax Cuts and Jobs Act (TCJA), the Opportunity Zones program was recently modified by the One Big Beautiful Bill Act (OBBBA) in ways that lawyers advising real estate professionals and investors should keep in mind. This article provides a sampling of those changes, after providing a basic overview of the program.
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Anti-Discrimination Provisions in Credit Agreements: Time for a Review
Diversity, Equity, and Inclusion (DEI) initiatives are under fire, being materially scaled back or jettisoned entirely by both the federal government and private employers.

Patricia Lane, Chicago 1986, is a partner with FisherBroyles, Milwaukee.

Jeremy R. Polk, Northwestern 2004, is a partner with FisherBroyles, Milwaukee.

Nicholas J. Faleris, Northwestern 2006, is a partner with FisherBroyles, Milwaukee.

Corrie E. Osborne, Chicago 2020, is a counsel with FisherBroyles, Milwaukee.
With the future…
Continue Reading Anti-Discrimination Provisions in Credit Agreements: Time for a Review
Why Dental Partners Should Avoid Oral Agreements
While oral agreements can be legally binding, they are generally not advisable for dental partnerships – or any business partnership. The absence of a written record makes them difficult to enforce, especially when disagreements arise.
Lanre J. Abiola, Marquette 2022, is founder of
Prestige Law Office, LLC, Milwaukee, where he focuses on business law, dental transitions law, estate planning, and probate. He is currently on the State Bar of Wisconsin Business Law Section board of directors.
A…
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On Tolerance and the Practice of Law. And Goats.
I was talking to an experienced farmer a few years ago about my little farm. I had a few goats, hogs, and chickens. I told him, “I hate goats!” In truth, I do not actually hate goats, but I had developed a dislike of those on my farm.
Peter S. Trotter, Illinois 2000, is vice president, general counsel, and secretary of Mason Companies, Inc., in Chippewa Falls.
After making this strong statement, I felt the need for further…
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Nine States Now Require Commercial Financing Providers to Provide Consumer-Like Disclosures
Burdensome consumer-like disclosures are making their way into the commercial realm as nine states have enacted legislation mandating that specific disclosures be made to financing recipients in certain commercial financing transactions at (or, in some cases, before) the consummation of the financing transaction.

Patricia Lane, Chicago 1986, is a partner with FisherBroyles, Milwaukee, where she is chair of the firm’s Banking and Financial Services Practice Group.
To date California, Connecticut, Florida, Georgia, Kansas, Missouri, New York, Utah,…
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Amid New Tariffs, Review Client Contracts
Business attorneys should proactively reassess their clients’ contracts in response to recent tariffs and the possibility of future tariff increases. These changes can significantly impact clients’ supply chains, pricing structures, and contractual obligations across various industries, and clients must be prepared for the effects this can have on their agreements.
By reviewing and revising contracts now, attorneys can help clients mitigate risks, maintain compliance, and ensure financial stability.
While one could argue that tariff increases have at least some…
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Delaware Enacts Significant Changes to its General Corporation Law
The Delaware legislature has been moving quickly to ensure that Delaware remains the preeminent home of choice for many corporations by amending the Delaware General Corporation Law (DGCL). The comprehensive changes, known as SB 21, became law on March 25, 2025, when the Delaware House of Representatives passed the bill, and Delaware Gov. Matt Meyer signed it into law. A copy of SB 21 as finally adopted is available on the Delaware Legislature website. Delaware’s legislature and governor…
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Beyond the Billable Hour: Generative AI is Already Reshaping Law Firm Economics
The legal profession, steeped in tradition and precedent, is undergoing a transformation. Generative AI, particularly large language models (LLMs), have made remarkable strides in understanding and generating human-like text.1 Whether through advanced legal research tools or e-discovery software, it is apparent that AI has a role to play in the legal system. Billable Hour Dilemma For decades, law firms have operated on a simple premise: time equals money. Associates and partners typically track their work in six-minute increments,…
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Cultural Competency Is an Essential Attorney Skill
Cultural competency refers to the ability to understand, communicate, and interact effectively with people from different cultural backgrounds.1 For attorneys, this means recognizing and respecting clients’ values, traditions, and perspectives while tailoring their approach to meet specific needs. This skill requires more than just awareness; it requires understanding different perspectives, reflecting on biases, expanding cultural knowledge, and building cross-cultural competencies.
…
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Tips for Lawyers: Keeping Pace with the Law
The current legal landscape might be comparable to an alien world in a sci-fi movie, exceedingly complex and constantly changing. Myriad statutes, regulations, rules, ordinances, case law, and other sources of law create a legal multivariate calculus problem. Due to practical necessity and ethical requirements, attorneys are required to understand applicable law in order to provide guidance to their clients.
Regardless of the preparation that law school provided, that preparation will be insufficient for legal problems that attorneys eventually…
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Federal Court Blocks Corporate Transparency Act Enforcement Nationwide
Our firm has been actively communicating with clients regarding – and monitoring multiple lawsuits challenging – the federal Corporate Transparency Act (CTA) ahead of its upcoming Jan. 1, 2025, reporting deadline for entities formed before Jan. 1, 2024.
The CTA requires most entities to report their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN).
Kelly Gorman, U.W. 2023, is an associate attorney with Fox, O’Neill, & Shannon, S.C., in Milwaukee, where she focuses her practice
…
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Contracting for Dispute Resolution After the End of Wisconsin Commercial Courts
In April 2017, the Wisconsin Supreme Court, acting in response to a request of the Business Court Advisory Committee, established a pilot large claim commercial case docket for the assignment of commercial cases. The purposes of the pilot commercial court (which some refer to as the business court) were
to ensure that large claim cases involving Wisconsin employers or businesses, or which involve complicated disputes, are resolved expeditiously and with the least amount of cost so as to (a)…
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