You’ve busted your back putting together your brand-new business venture. Now what? At what point should you hire a business contract lawyer? Is it even necessary? This time on the Apfel & Associates Blog, we are looking at business contract lawyers and how you can best put them to work for you.
What, When, and Why – A Business Contract Lawyer Primer
What is a Business Contract Lawyer?
A business contract lawyer is a lawyer who can give valuable advice, provide legal understanding and interpretation of contracts. They have the specialized knowledge and skills to properly navigate the often serpentine, complex, legalese that are found in business contracts and how they pertain in your county, state, country of operation. The law is incredibly interconnected through many avenues, having a guide who knows the way can be a life saver.
Why Hire a Business Contract Lawyer?
As mentioned, business contracts can often be incredibly complex legal documents that take serious expertise to understand and see through the complexities. Often, having a business contract lawyer on retainer can be enough for your business, so long as they can read over and review a potential contract for you, you will be in a much better standing. Even basic contracts can need interpretation and further tightening, as the standard, boilerplate content that may apply, may vary state to state or even be downright incorrect.
Signing into a contract with potential legal ramifications that are easily avoided will make you feel foolish and worse. By just having a business contract lawyer look the documentation over first you can save yourself a mess of a headache in the long run, never mind any financial costs avoided.
Depending on level involvement and employment, you can go from having a lawyer make sure your stock contract is legal or to having them work with you to draft up the best, most solid contract available, that a layman’s mind not even conceive of.
A reputable, skilled business lawyer can also provide other services such as:
- Drafting contracts and other documents;
- Corporate Formational Documents i.e. Operating Agreement for a LLC and Bylaws for a Corporation
- Executive and Owner Compensation Plans
- Assisting and advising clients with commercial negotiations; and
- Assisting and advising clients with the management and execution (i.e. successful completion) of a transaction.
- Buying and Selling a Business
- Operating a closely held corporation
- Limited Liability Company operations
- Partnership operations
- Intellectual Property (trademarks, copyright and trade secret law)
- Employee Relations
When Should You Hire a Business Contract Lawyer
After you’ve registered your business, it is a good idea to hire on a business contract lawyer quickly. You will need their expertise to work for you, keeping them on retainer to handle all of the paperwork your new endeavor will incur. Having them early and not needing them is so much better than getting bogged down in the deep waters of contract negotiations and have to rush to find the right one. You’re here to start and manage a successful business, start off on the right foot.
The best business contract lawyers will work with you as a partner, to ensure you are getting not just want you are looking for, but what you need, whether or not you are aware of it. If you are looking to hire on just such professionals, reach out to us here at Apfel & Associates, where our team of lawyers have the expertise necessary to ensure that your business thrives – at least on the legal side of things.
You can find out more about us to see if we’d make a good fit.
As always, all information provided in these blogs is for general legal informational purposes only, and is in no way a replacement for legal advice. Speak to one of our lawyers now and get the personalized attention your business need.
The information contained in this blog is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this answer, clients or otherwise, should act or refrain from acting on the basis of any content included in the answer without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a licensed attorney. Provision of information on this website does not create an attorney-client relationship between you and Apfel and Associates, P.C. nor is it intended to do so.