Services Offered by a Company Legal Counselor.
Current business environment is full of activities that will require legal expertise. It is not advisable for companies to undertake such transaction without having lawyers present as it may later lead to problems. Functions of a company’s lawyer includes.
Legal counselor should be present when undertaking long term investment in assets such as land. It is necessary to hire a lawyer when planning to acquire non-current assets. Due to the high number of persons selling items that do not belong to them under pretense. 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.
The company’s lawyers also assist the company in dealing with human resource conflicts. It is common for company’s employees to strike or take any other action against the employer. The company’s lawyer will be involved in solving the conflict with the workers. In the past we have seen companies being sued for wrongful dismissal of employees. Leading to firms losing the case to the employee, therefore, having to honor the harsh terms issued by the court. The advocate will also help the firm develop a good work contract document.
There are also so many statutory rules and regulations that companies are expected to follow. Companies hire lawyers to make them understand what is expected of them, legally, by the government.
Being sued is also a major concern to businesses. When a company gets sued it is advisable to hire a lawyer to guide them throughout the case. Some of the people suing the company may just be looking to threaten the company, to pay them off, to drop the case even though the company may not even be liable. 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. Negotiation may involve suppliers or competitors who propose combining of the companies. Lawyer role is to educate the company on the different legal requirements and the disputes resolution channels provided by the law.
Public companies also have attorneys who advise them on securities laws and the requirement for board members. Having competent lawyers in a public company also improve the public image of the company.