One of the most challenging aspects of running a business is legal concerns that arise from time to time. Ideally, entrepreneurs should consult a business lawyer while launching their venture to ensure compliance and protect various interests. Firms like Sattiraju & Tharney, LLP offer support for businesses for diverse corporate matters, and if you wish to get specific assistance, you can schedule a consultation immediately. In this post, we have listed the top signs that you need a corporate lawyer for your business.
You are dealing with product liability lawsuits
Consumers have the right to file claims and lawsuits against manufacturers of defective products. If your company is on the line of fire, you should meet an attorney to decide the best strategy for defense. No matter whether you deal in consumer products or industrial equipment, you will benefit from the experience of a corporate attorney. Choose someone who has experience as first-chair trial counsel.
You are in between contract disputes
You will need to hire a commercial litigation attorney for any matter concerning contracts. Whether it is a case of a supplier breaching a contract or a breach of applicable warrants, an attorney is your best bet for defending your business. Other examples of such disputes include franchise disputes, insurance coverage disputes, and disputes concerning non-compete and non-solicitation provisions.
You need help with contracts
Companies have to deal with all sorts of contracts every now and then. Ranging from employment contracts to contracts involving suppliers, vendors, and customers, there are numerous types of documents to manage. Any mistake in drafting and reviewing contracts can have massive legal consequences. If you have doubts about terms & conditions or want help to negotiate with the other party, you need an attorney specializing in corporate law.
You are fighting over intellectual property
In a competitive world, intellectual property matters for your business. From trademarks and patents to trade secrets and copyrights, protecting intellectual property is paramount. If you are in a dispute concerning any of these, you need to have an attorney. In the early stages, a corporate lawyer can help with the registration of patents and trademarks, while they also remain your guide & support as you deal with violations and theft.
You need help with employment law
Many corporate lawyers also deal with employment contracts, the development of employee handbooks, company policies, and compliance matters. In case of matters concerning termination and layoffs, your attorney can offer strategic help and representation to avoid unfavorable outcomes.
You are in a compliance mess
With federal and state laws changing frequently, compliance can be a real matter of concern for businesses across industries. If you are already in a compliance-related legal mess or need help with keeping up with regulatory requirements, you should hire an attorney. An experienced corporate lawyer can offer insights on industry-specific regulations, compliance audits, and much more.
You are considering a merger/acquisition
Mergers and acquisitions (M&A) are inherently complex and have a wide range of legal aspects. It is imperative to hire a corporate lawyer to ensure the due diligence process, negotiate the terms & conditions, and handle the paperwork. Lawyers can help uncover risks and liabilities, draft and review the transaction documents, and discuss things with the other party to get the ideal outcome. They can also ensure the deal is in compliance with requirements.
Final word
Even when you are being extra cautious, you never know whether a sudden lawsuit can derail your business. Having a competent lawyer specializing in corporate law on your side will avoid common missteps and the associated consequences. If you already have a lawsuit, you don’t have the time – Just get a corporate lawyer now!
