Whether you have an established business with a wide base or are a small start-up, or simply planning to just start a new venture, having a business lawyer or a legal team is of utmost importance. Business legal advice is an important part of any business strategy. While you are strategizing the growth of your company, someone needs to guide you in the legal aspects of your strategies and whether you properly structuring deals and corporate activities from a legal point of view.
A legal team or a business lawyer is not required only when you’re served with a lawsuit. There are so many other things for which you need a business legal attorney or law firm.
Here is how having in-house business counsel can help you:
- Ensure Conformity With The Laws
Each state and every local government has its own set of laws and legislations for businesses. And while they’re all available online, it’s quite difficult to “become a lawyer yourself” as many websites expect you to do, to take enough time to go through each of them and to understand them thoroughly, especially if you’re not actually a lawyer. A business lawyer will help ensure you and your business is abiding by local, federal as well as international laws while you are strategizing growth plans for your business.
- Avoid Or Fight a Lawsuit
No business is immune to lawsuits. Whether it’s an employee, or the government or any other business filing lawsuits against your business, a business lawyer can help you avoid the worst pitfalls before they start, thereby saving you a lot of time, money, and headaches when confronted with lawsuits that could have been easily avoided. Many people think of getting a lawyer only after they’re served with a lawsuit. This is a huge mistake. It decreases the chances of you avoiding the lawsuit altogether, and a litigation lawyer (litigator) can only help reduce the damage done.
- Draft Contracts
Whether for hiring an employee or making deals with other businesses or any transactions, contracts need to cover all kinds of legalities. Business lawyers can help draft a legally strong contract so as to reduce the chances of obvious legal loopholes which can play in your disadvantage.
- Restructuring Your Business
Structuring and restructuring your company requires attention to a lot of legal formalities, whether you have decided to sell off or purchase parts of the company via merger and acquisition (M&A), whether you have decided to buy into a new business or sell your own, you will need a legal team to help you write proper stock purchase and acquisition papers and help you out through the complex process, keeping in mind to what exactly you are legally entitled.
- Interactions and Deals Involving Other Businesses
Business relationship and deals can be complex, and while you can take care of the commercial aspect, you will need help to cover the legal aspects of each transaction. Transactions with suppliers, your customers and even other businesses can involve a lot of legal complexities and small errors can land you in trouble. Correct business legal advice is crucial to avoid such mishaps and to grow your business. Whether it’s a license agreement, a technology or IP license, a distribution agreement, a marketing agreement, or an agency agreement, or a joint venture agreement, or supplier agreements and quality control agreements, you need to set expectations and put a proper legal framework into place. Please visit our downloads page to see samples of various agreements InsideOutsideCounsel can help you tailor to your specific needs.
- Correct Filing of Forms And Patents
Time and again, you’ll need to fill out official forms for various purposes like government bidding and tender applications, official permissions, trademark and patent applications. This requires legal knowledge of the specific laws. Your business lawyer can help you file all your forms and applications and patents properly to avoid multiple trips to offices and taking care of all the entailing aspects of the process.
Inside Outside Counsel provides you a complete business legal advice solution. Our legal experts will make sure your business growth is compatible with all legal requirements and legal risk management. So, don’t wait till a lawsuit rears its ugly head, when it’s already too late to avoid problems. Instead, you can contact us to hire an in-house legal counsel service for your business today. Know more about our service packages by clicking here.