If your company is embroiled in a legal battle, it must hire a commercial lawyer as soon as possible. These legal professionals possess vast expertise and will act to resolve issues on your behalf.
Legal staffing companies can handle work that exceeds what your legal team can handle at a fraction of the cost. Before hiring one, however, you must understand their services.
Legal Advice
Commercial lawyers are indispensable in modern businesses, from contract drafting and paperwork management to court proceedings and litigations. Furthermore, these legal professionals must remain up-to-date on changes to local laws and regulations to inform their clients and prevent their businesses from running into legal problems.
Many are drawn to this role because they enjoy making an impactful difference in their working world. Although challenging, this job can also be highly rewarding and involve work that moves our world forward, such as helping a global market-leading brewer take over its competition to become the number one beer brand or providing guidance and advice regarding an impending merger between two leading food giants.
Documentation
Commercial lawyers provide businesses with legal documents and paperwork related to business endeavours, including nondisclosure agreements, contract amendments, employment contracts and more. In addition, they help secure permits necessary for various projects. Some commercial law firms even specialise in contentious work representing parties who feel wronged by another party through litigation (though this type of representation is less common).
Commercial attorneys frequently face large caseloads that make it challenging to keep up with all the information necessary to complete their tasks. With LEAP – a legal practice productivity solution – commercial attorneys can focus on helping their clients while spending less time on administrative duties. LEAP helps streamline workflows by centralising all emails and documents to search or access them for quick file processing times easily.
Litigation
Commercial lawyers specialise not only in preparing legal documents but also in helping resolve legal disputes that arise between their clients and other companies. It may involve filing a lawsuit to settle business-related disputes through all litigation processes, such as legal motions, discovery and courtroom trials.
Litigation is a formal process to settle disputes between two parties when they cannot reach an agreement. A complaint filed by one party and delivered to the other outlines all aspects of their disagreement, what the defendant did wrong, and why compensation may be necessary. An argument will then be presented before a judge before their final ruling will set out the final result of their case, commonly known as judgment.
Sometimes, court judgments require compensation between parties – financial compensation or ceasing operations in certain industries – so having a commercial lawyer who understands how the process works to give their clients sound advice is invaluable.
Negotiation
Negotiating commercial contracts requires knowing what areas are critical to your business and which could be altered through negotiation. An attorney will assist in identifying this information so they can guide negotiations that meet all your business needs.
Negotiation is a vital part of being a commercial lawyer Adelaide and is a skill that takes practice and preparation to succeed. Accordingly, “failure to prepare is preparation for failure”. A commercial lawyer can prepare for contract negotiations by reviewing the contract in advance, identifying potential legal issues, and formulating arguments they will present during negotiations.
Commercial attorneys utilise negotiation to ensure contracts include protections to safeguard their clients from financial damage if something goes wrong, such as unenforceable fee increases or language allowing landlords to raise rent without reasonable notice.
Hiring a commercial lawyer Adelaide to negotiate your lease agreement could save money in the long run. Lease agreements are complex documents with provisions that could prove financially detrimental to tenants, while many attempt to sign one that their landlord provides, which contains terms that are either legally unenforceable or aren’t in their best interests.
Research
A commercial lawyer researches complex legal issues to provide accurate and insightful advice. It includes studying contracts and regulations to find out what is required by both parties, as well as examining precedent cases. Commercial lawyers often attend research workshops or courses to enhance their skills.
Commercial lawyers also help clients remain in compliance with regulations. It may include drafting paperwork or filings for safety inspections or ensuring business operations comply with environmental standards.