An essential part of a company’s success is litigation. As such, it is vital to have a business attorney who can provide the services you need. Regardless of the type of law they specialize in, these professionals are masters of their work and will help any company thrive.
In general, a business lawyer can help you draft, review, and negotiate contracts. This article will highlight and discuss their specific areas of expertise and how they can be helpful to your company.
What Is a Business Lawyer?
A business lawyer is a person who is well-versed in the law and can provide professional services to businesses. They know how to navigate the legal system, with the necessary knowledge and technical skills to help a business succeed.
Although most legal professionals are generalists you can hire for various services, most business lawyers have an area of specialty. They usually specialize in a specific area of law, such as economics or real estate.
What Does a Business Lawyer Do?
Business lawyers can help with almost every company’s legal needs. Their main objective is safeguarding the company from legal disputes, whether negotiating contracts or settling disputes with other companies.
Let’s look at a few examples of areas where a business lawyer can offer services.
Starting a Business
Legal counsels can help with everything from forming and drafting business plans to review by-laws and incorporation documents. They can help establish a company’s corporate goals and legal structure.
Business lawyers can address various issues relating to running a business, such as:
- Drafting and reviewing employment documentation, such as employee handbooks, nondisclosure agreements, and independent contractor agreements.
- Drafting and reviewing contracts, including non-compete clauses, confidentiality agreements, and sales agreements.
- Reviewing business transactions between companies.
Contracts
A business lawyer can help you draft, review, and negotiate contracts. They work with other company members to ensure that all parties abide by the terms outlined in the agreement.
These contracts may include the following:
- Commercial contracts for non-profits
- Construction contracts
- Employment contracts
- Nondisclosure agreements
Property
When business owners acquire real estate, securities, or other property, they may need legal guidance regarding leases and sales agreements. Property attorneys can also help with issues such as defining the boundaries of intellectual property. They can also assist with trademarking, copyrighting, and patenting a company’s products and technology. Stockman & Poropat are especially adept at copyright law, and it’s something all businesses should look into if they are worried about their products.
Litigation
Business lawyers can handle contentious litigation. Litigation is the process by which legal disputes between two or more parties get worked out through a court system.
Business lawyers can provide insight regarding what the business needs to do to avoid legal issues. Nevertheless, they also have the knowledge and experience to represent businesses in court when necessary.
They can help their clients prepare, document, and manage litigation matters, from preparing depositions and documents to drafting pleadings and briefs.
Acquisitions and Mergers
Every business has goals, and a successful business thrives. One way to ensure a company thrives is to acquire new companies or assets through acquisitions or mergers.
Business lawyers know how to handle these types of transactions. They can prepare an acquisition agreement and help select an optimal offer. They can also assist in reviewing and negotiating mergers, such as acquiring another company’s assets.
What To Look For In A Business Lawyer
Because litigation is handled differently depending on the state laws and legal procedures, an experienced business law attorney can offer the most effective representation. They will also be able to advise the best options and strategies for your specific situation.
Business attorney fees vary based on location, specialty, and experience, as well as a multitude of other factors. Consider the costs of services you need, such as deposition preparation and document review.
Final Thoughts
Business lawyers are well-versed in negotiations and other business dealings. They understand how to protect the business and its interests and help companies handle legal disputes.
Business law covers a wide range of legal specialties and services so take the time to consider your legal options.