Corporate attorneys are one of the most respected professionals out there. They make good money because they are so needed. However, many people don't understand what reasons would merit hiring a corporate attorney. Here are a couple reasons why you would hire an attorney that specializes in business law.
1. A Merger or Acquisition
If you are thinking about purchasing a business, being bought out, or merging two companies, you would need to use a corporate attorney. There are specific laws and contracts that you will need to have to make the merger possible.
This doesn't mean that between the two parties there is only one lawyer. Both parties need to have their own representation. One attorney will draw up the contract and then it will go between the two attorneys until both parties are pleased with the result.
You should never go through a buyout or any kind of merger without consulting an attorney. Even if the other company seems to be respectable you need to be sure that you are doing everything that you can to protect yourself. You should have an attorney that you have hired to specifically protect your interests.
2. Sexual Harassment or Discrimination In the Workplace
Some people think that if they have had a problem in the workplace they should hire a personal injury attorney. This is generally the case for the plaintiff, but assume that you own the business and you are the one being sued. In this case you would need a corporate lawyer to help protect your company.
Most companies have a lawyer on retainer that they use for these sorts of problems. It is inevitable that you will have disgruntled employees who will sue the company. This is why having a good corporate lawyer on your side will be your best protector.
When most people think about a lawyer they think about crisis management. A lawyer usually is hired after something bad has happened and the company needs help cleaning up the mess. However, one of the best things you can do is prevent these problems from happening in the first place. Compliance is a specific department that looks at possible problems with a company and their products. This way before you launch a new service or product you have a lawyer looking for potential problems. This will save you money in the future seeing that you prevent lawsuits.
These are just 3 reasons where you would hire a corporate law attorney like Ian carter.Share