4 Areas Business Lawyers Can Help With
When choosing a business lawyer, it’s important to select a firm that you can trust to help you in the growth phase of your business right through to the moment you decide to leave the company. It’s essential to have business lawyers on your side, as you never know what legal complications may arise. This could include issues with business contracts, commercial leasing, and even franchising agreements. Whatever the issues you face, business lawyers can help you throughout each stage of setting up and running a business. In particular, they can assist with buying and selling, business contracts, employment and leasing. Read on to learn more about these areas business lawyers can assist with.
Buying and Selling
Whether you’re buying or selling a business, getting the correct legal advice can save you thousands of dollars in the long run. Business lawyers can make the process a lot easier and smoother, helping you to identity any potential issues that may affect the transaction. Business lawyers also have the experience and knowledge to help you negotiate prices in order to get the best deal possible. If you’re buying or selling a business, a business lawyer can provide the help and guidance you need throughout the process.
Business lawyers can provide assistance with the drafting and writing of business contracts. They do this in order to reduce the likelihood of disputes that can arise when there’s a lack of clarity or some uncertainty. A well drafted document typically anticipates the issues of a dispute, helping you avoid the need for litigation. Business contracts can include commercial leases, distribution agreements, employment agreement, franchise agreements, loan and mortgage agreements, partnership agreements, shareholder agreements and terms of trade.
Business lawyers understand the difficulties that some employers face when trying to get their employees to act in the best interests of the business. Business lawyers are the best professionals to rely on in order to write up employment contracts. They understand that one size doesn’t necessarily fit every employee, and they can draw up tailored employment contracts so your interests as an employer are protected and your new employee understands that you’re an organised business. Personalised employee contracts also show that the employees know where they stand on important matters. This means they know what their obligations are, which can help to improve their workplace performance.
Business lawyers can provide legal advice across a range of commercial leasing issues. They can help save both landlords and tenants money by negotiating the right terms before entering into any legal agreement. This includes new leases, permitted use of the premises, commencement/termination dates, requirements of security bond, assignment of lease, sublease, rent review , offer to lease and lock outs. If you’re a landlord or tenant about to enter into a commercial leasing agreement, it’s best to reach out to a business lawyer in order to receive the right legal advice, helping you to avoid disputes and maintain good relationships.