A Good Lawyer Can Be An Investment for Orewa Businesses
At some stage, almost any business is going to need the help and assistance of a lawyer. They will need legal advice for many parts of their operations whether it is marketing, sales, property, easing or buying plant, or employment law matters for staff. If you try to go it alone in any of these areas, then you can easily end up on the wrong side of the law which may lead to severe consequences and significant financial losses. It is therefore important that you look for a good lawyer in your area. It is important that you consider the working experience of your lawyer and that they have extensive experience in the areas that you need help with.
1. Business deals
A firm, company or even you as an individual may be presented with certain deals or contracts by other individuals to partner with them in certain investment projects. It is important that you allow your lawyer to go through the offers and contracts to ensure that all the legal procedures and protections are put in place. For instance you do not want to enter into a deal for products that might contravene copyright. You also want to ensure that your commercial interests are protected, or that you will be legally safe in your interaction with the other parties. A good lawyer however will ensure that you are protected legally in all the areas and that the deal is legitimate and legal.
2. Legal constraints
Another factor that makes working with a good lawyer a worthwhile investment is in case you are sued by a customer, staff member or supplier. Having to answer unwarranted legal challenges and allegations not only wastes your time, is stressful but can even cause the collapse of your business. However with the input of a good lawyer then you may be able to put an early end to these issues or at least help you to minimise any damage whether financial or to the reputation of your business and allow you to carry on with running the company.
3. Legal compliance
These days there are more and more issues that companies have to address to meet government regulations. These range from health and safety, through the extensive employment law concerns. If you fail to meet these requirements, then the costs can be extremely heavy. For example, failing to have a proper Job Description or an Employment Agreement can result in fines for the employer of up to $20,000. A good lawyer will help you by writing these legal documents for you and ensuring that they are compliant with the current legal requirements.
Many people only think of a lawyer as a cost. However, failing to meet your legal obligations, having poor trading agreements, or needing to answer legal challenges form third parties, can take up lots of time, cause unwanted stress and distract you from generating business. A lawyer can help you in all of these situations and rather than being a cost, can be a partner to your business.
For more details talk to McVeagh Fleming, a broad-based law firm covering Warkworth, Orewa, Silverdale and other parts of the Hibiscus Coast.