3 Reasons To Keep A Business Lawyer On The Books
Posted on: 28 October 2022
As a business owner, you want to make sure that you are working with a business lawyer. This is a lawyer that you want to have on retainer that can bill you monthly for all of the services they provide to you. If you have been in business for a while and have done so without the assistance of a lawyer, you might not know why you should hire one. To help you understand better, you will want to review the following:
They Help With Contracts
Whether it's signing up for a commercial account at a wholesaler or having talks about adding another partner to your business, you will want to have any contract reviewed by a lawyer before you sign it. There might be some things in the contract that you wouldn't want to agree to but may accidentally do so if you don't have your lawyer look at it first. If there are any points that should be negotiated, your business lawyer will handle that as well.
They Prevent You From Breaking Laws Regarding Employment
If there is someone you want to fire, whether they are an employee or an independent contractor, you want to make sure that you run it past your business lawyer first. The reason for this is you want to make sure that you are staying within the bounds of the law in terms of what you can legally fire someone for. Your lawyer can help make sure that you do not get sued.
They Can Keep Your Intellectual Property Safe
Your intellectual property includes things like your company name, your company logo, and all of the original works that you have created. It is important to make sure that all of your intellectual property is protected so no one can come along and copy it, claiming it as their own. You want to have full control over the rights to all of the intellectual property, including selling it should you decide to sell the business one day in the future. Your business lawyer will help make sure that this happens.
You will want to make sure that you take a couple of days to have some in-person meetings with different business lawyers. It is during these meetings that you will discuss the various aspects of your business and receive a brief summary of what they can do for you. You will want to discuss the cost to have them on retainer and use their services every month as a part of your business expenses.
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