Services Offered by a Company Legal Counselor.
Companies nowadays find themselves in many dealing that requires signing of contracts or another legal requirement. Companies should not assume the role of legal counselors as the dealing may later cause legal disputes. Functions of a company’s lawyer includes.
Advising the company on the legal requirements when purchasing non-current assets, such as land. It is essential to source the services of an attorney when undertaking investment in fixed assets. The reason is that currently there has been an increased number of con people selling items that they have no ownership or authority to sell. The work of the company’s legal counsel is to investigate the documents issued by the seller make sure that they are original. The company’s lawyer will also follow up on machines repairs or replacement in case of breakdown before the end of the stipulated period.
There may also be issues involving company’s workers that need a lawyer’s intervention. The firms’ workers may sue the employer on different grounds. It is the role of the company’s legal counsel to recommend the best course of action to take. In the past we have seen companies being sued for wrongful dismissal of employees. This has resulted in company being found liable to pay the employees large amount of money to settle the case. Also the lawyer assist the firm in developing of the employment agreement.
There are also so many statutory rules and regulations that companies are expected to follow. The company’s lawyer is responsible for training the company about such requirements and assisting the company to follow them.
It is also common for firms to be taken to court on suspicion of violation of different laws. When a company gets sued it is advisable to hire a lawyer to guide them throughout the case. Some of the complaints against the company may not even be substantial, but the plaintiff may be taking advantage of the company’s lack of legal expertise. Also the company may need to take legal action against another company or person, thus creating a need to have a lawyer undertake that responsibility.
During any negotiation, it is important to have legal representation. For example when bargaining with different providers of company’s goods and services or when the company is planning to combine its operations with another company. The advocate will guide the company in signing of the negotiation agreement documents and if there is any problem that arises represent them.
Companies whose shares are traded in the public also require lawyers to guide them through various legal requirements such as the members of the board and different shares laws. One strategy of creating positive public images is by recruiting the best advocates to be in charge of the company legal matters.
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