The popularity of co-working arrangements over traditional office leases continues to grow, and it's easy to see why. They're more flexible, require much less planning, and offer substantial cost savings on both space and services. No wonder today's millennial workforce loves them. What's not to like? Plenty, argue attorneys Scott Hargadon and Holly Eubanks, specialists in leasing law at Meltzer, Purtill & Stelle, a leading Chicago area commercial real estate law firm. Beneath the seemingly obvious benefits, the two point out, lurks a quagmire of potentially costly risks, due largely to a lack of well-defined rights and regulations.

This summer saw some business-critical legislation become laws. Updates are provided here on two new laws,