In our last blog post, we talked about navigating and fighting back against complex contracts. As a business owner, you’ll need contracts to handle various aspects of the business including sales, leases, and employees; however, it is incredibly important to have a complete understanding of what those contracts entail. Having a business attorney can smooth over transitions and avoid detrimental mistakes within your contracts and business. Read the article below for three reasons you may need a business law attorney.
In many cases, companies make the mistake of waiting until things get out of hand before they can hire an attorney. In today’s business environment, every business needs to have an attorney on their side. Lawsuits and other legal matters can arise from the blue, so you need to make sure you are well-protected when such circumstances arise. Here are three reasons you might need a business lawyer on your side.
1. Access to Vast Legal Resources
Business attorneys, in most cases, have so much experience when it comes to matters of litigation. When you have an attorney on your side, you gain access to their experience as well as knowledge and services that have to do with business law. Such knowledge will help you navigate different aspects that have to do with the business to avoid unnecessary lawsuits. You can click the following link to learn more about Business Litigation in Wisconsin.
2. Focus on the Business
Business owners need to get involved in every level and aspect of the business. Often, there are numerous problems to handle every week, requiring you to devote your energy and time in resolving some of these issues. So, when legal matters arise, they can easily pull your attention and time away from areas of the businesses that require your focus. A business attorney, therefore, can assist your business by providing timely and well-researched advice to handle immediate and pending legal issues. That way, you can focus your energy on running the business while the lawyers take care of all your legal matters.
Contracts are a very important part of running a business, whether large or small. As a business owner, you’ll need contracts to handle various aspects of the business including sales, leases, and employees. Other contracts held by a business include the employment agreement, warranty, bill of sale, commercial property lease agreement, and employee non-compete agreement.
The bill of sale contract formally states a property ownership transfer while the warranty reimburses the client if the product they received is defective or malfunctioned before the expected lifetime. The employment agreement, on the other hand, outlines the job responsibilities as well as the payment methods. An employment agreement can be verbal but can be put in writing. The employee non-compete agreement bars the former employee from entering a contract with competitors once they have resigned or after their employment has been terminated. Lastly, the commercial property lease agreement is the most important and outlines the terms and conditions the business owner has with the landlord. This is a contract you will want to look at with your business attorney. These contracts are usually drafted by other attorneys and are usually in favor of the landlord. With an attorney by your side, it becomes easier to negotiate the terms of the lease.
A reputable business attorney can help steer your business away from any potential legal problems. Additionally, an attorney will lobby for best interest when you enter contracts with parties external or internal to the business.