Find the right legal support for your business
As a business owner taking risks is often part of the job. Risky business decisions are often made when you don’t have a thorough knowledge of the possible outcomes or when you know that things aren’t very likely to go your way. What many business owners don’t understand is that they can avoid taking these risks when they have a better knowledge of commercial law.
When you have a more advanced knowledge of commercial law you can avoid unnecessary legal issues along the way. You can have the foresight to know when a deal or situation is not legally sound because you have the right knowledge or advice to back up your decision.
Running a business often requires you to navigate the legal landscape. So when you have the right knowledge or legal advice you can manage your business smoothly and make sure everything runs above board. Not everyone can be well versed in commercial law. That’s why many business owners and departments choose to hire a Commercial Lawyer.
A Commercial Lawyer can offer valuable legal advice when it comes to running a business. Commercial law experts can save you the hassle and time it takes to research commercial laws and principles. So when you need to make a swift decision that may have a significant impact on your business, it’s best to consult with a Commercial Lawyer.
There are many legal issues a Commercial Lawyer can help guide you through or help you navigate in order to completely avoid them. Here are just five legal issues a Commercial Lawyer can help you with.
Contract disputes
Over the course of running your business, you’re bound to have scenarios where you or another company disputes an element of a shared contract. Sometimes it doesn’t matter how long you or a client spends reviewing a contract. Sometimes disputes occur when an element of a contract is misread, miscommunicated or simply misunderstood.
In some cases, you may claim that a business partner or client has breached a contract. In this scenario, it’s best to have a legal professional like a Commercial Lawyer who can give you solid advice for navigating this legal matter. A Commercial Lawyer can carefully review a disputed contract and determine if you have a case or are safe from further legal ramifications.
If you want to be more prepared for or completely avoid a contract dispute then hiring a Commercial Lawyer from the very beginning can be very beneficial. A Commercial Lawyer can assist you with drafting up a contract so it’s easy to read and legally sound. When a contract is drafted correctly from the very start there’s less of a chance that a dispute will arise from the way it’s designed.
Commercial property
A Commercial Lawyer can represent you when you’re a commercial property owner, developer, or occupier. With good legal representation, you can minimise risks involved with a wide range of transactions including the following:
- Leasing
- Sales and acquisitions
- Land development
When you’re a small business owner it’s important to ensure the use of your premises is consistent with the type of business you are planning to run. You may have trouble opening a nightclub or bar if you’re moving into a building only approved for restaurants.
A Commercial Lawyer can take the time to research and let you know exactly what you’re allowed to do with the building you’re renting. Councils often have a lot of legislation to navigate through when it comes to commercial building usage and commercial property law. Moving into the right commercial building can save you thousands instead of having to change the way you do business.
Mergers and acquisitions
Mergers and acquisitions of companies usually involve the entire transaction of ownership between one entity to another. For example, a business may decide to buy another business and operate under separate names. Alternatively, a business may decide to merge their company with the other to form one brand.
Whether you’re the buyer or the business being acquired, it’s best to be informed about all legal issues that may arise from the transaction. A Commercial Lawyer can assist with structuring, negotiating, and achieving the best result for you or your business. There are many necessary legal tasks that a Lawyer can assist with including due diligence, drafting the terms of the agreement, participating in negotiations and settling the agreement.
So you should definitely consider consulting with a Commercial Lawyer if you intend to buy or sell a business, merge a business or enter into a joint venture agreement. You can also get assistance from a Commercial Lawyer if you intend to buy or sell shares in a company. Buying or selling shares can have a significant effect on a company depending on the size of the transaction.
Talk to the Commercial Lawyers at P&B Law
So to protect your best interests, always consider a Commercial Lawyer. You won’t find any other legal professional more qualified to assist you with legal matters involved with commercial transactions, contracts, and property.
Here at P&B Law, we represent a growing number of business and corporate clients. We assist with most aspects of commercial law to satisfy the legal requirements of your business including business sales and acquisitions, employment agreements, and establishing terms of trade.
Contact the Commercial Lawyers at P&B Law today for legal advice and representation.