A Corporate attorney’s role is to guarantee the legitimacy of all the transactions in an organization and to serve the best interests of the organization along with counseling the legal rights as well as duties and to give business advice at the same time. A small organization retains one or two attorneys while bigger organizations have more attorneys for the same purpose. Corporate attorney protects the brand image and success of the organization by avoiding the fraudulent claims and any lawsuit that may tarnish the organization’s success.
The following are the reasons for retaining services of a corporate attorney:
- Assistance in creation of organization: A corporate attorney ensures that all the regulatory and statutory requirements are met once the decision of forming an organization is decided. With the guidance of a corporate attorney, the shareholders agreement, business articles and letters of amalgamation can be taken care off.
- Preparation of Business Contracts: Any business contract should be in a written form and legally obligated. It is in the best interest of an organization and are considered to be the stepping stones of a good business. Corporate attorneys include all the terms and conditions and draft enforceable and valid contracts.
- Organization in compliance with federal and state laws: With the help of corporate attorneys in the organization the legal permits and license can be easily handled. To avoid any kinds of lawsuits, fines, and other legal actionvery common to have customer complaint or a bad service claim of a product which can be easily handled by customer care representatives. However, at times it takes a legal course, and in that case, a corporate attorney comes handy to avoid any legal actions while addressing the complaint and to protect the business.
- Initiation and Formation of Partnerships: If you are collaborating with other organizations or entering into partnership at a later point of time, it’s always better to consult a corporate attorney for finalizing the terms and conditions of the contract and drafting a proper partnership agreement. To avoid any confusions later in the partnership, it is important that everything in the agreement should be clearly mentioned regarding the profit sharing, the responsibilities and the role of each individual.
It is always recommended to hire a corporate attorney with good experience, as they can deal with legal formalities, negotiations and drafting contracts for any business.