When it comes to your business, you can never be too careful. Even if you do everything right in terms of contracts, the correct insurances, and making sure your staff have all the necessary coverage things can still go wrong. And when the need for a lawyer arises, you ideally want one that is on your team; and knows your business as much as possible. You don’t need to have an in-house lawyer to have one that covers everything you need, here are some examples of business litigation to give you an idea of how valuable this can be.
Here are a few reasons that a business lawyer can be the perfect thing for your company.
When it comes to contracts, if you write them yourself, there can be a lot of room for mistakes. Those holes in your contract or even the wording can get you in a lot of hot water. It would be best if you made sure that all of your legal agreements and contracts are airtight, and there is nothing left to interpretation. Having a lawyer available to put these together for you will save you many headaches later on.
There may be occasions where your business lawyer will need to signpost you to the correct person or legal body to deal with your issues. This can happen with complicated tax issues, or when you are dealing with clients or customers in different countries. The speed at which they can put you in touch with the right people can save a lot of time and money.
If you happen to get a lawsuit on your doorstep, a lawyer that knows your business and has handled all of your contracts will be able to get to work immediately. And as they will likely have been the ones that created the contracts, they will be able to support their contracts with the right arguments and give you the advantage in a legal dispute.
Almost all new businesses will make mistakes, and some aren’t small enough to apologise and move beyond. It is often in the early stages of a company launching that things go wrong because there is a lot to learn – and fast. When a lawyer has specific knowledge of your business and the industry, you will avoid many of the issues. In fact, they can take care of things that you didn’t even know were an issue.
One of the most annoying and time-consuming things that smaller businesses will likely come up against is getting paid on time. Many companies will pay late, or that will need to be chased repeatedly before they pay their invoices. A letter from your lawyer can help you speed up the process and encourage the other party to settle their invoice early on.
So it doesn’t matter if it is for general information and advice, or because you want to make sure your legal documents are as tight as possible. There are very few businesses that wouldn’t benefit from having a lawyer available.