Using an attorney is similar to calling a plumber or an electrician – only in times of trouble. Legal help will be necessary, when you launch a new business and as you move forward. A smart business planning incorporates prevention of issues and making certain that your business stays protected against probable dilemma.
Solicitors Northampton offers significant assistance in mostly all the business aspects ranging from essential zoning agreement, trademark and copyright guidance to formal business merger, court proceedings and legal responsibility.
Helps You to Comply With Laws
Many people shy away from hiring attorneys until a legal issue crops up but the time to engage a business lawyer is prior your company gets into any trouble. You may be aware of a particular legality that can affect your business till someone files a complaint about your violating the law. As the owner of a business, you will have to meet the legal requirements on everything that is from zoning to business registration to employment practices.
Solicitors Northampton keeps you away from violating any laws, thus you can say it is cost-effective and easy. Getting trapped in the court is easy but the way out is tricky. With a lawyer, who is familiar with your business, as they are with your company from the beginning and are in good relationship with you will be advantageous, if any problem emerges?
Planning Phase
Solicitors Northampton guides you from the business planning phase by evaluating the probable liability linked with your relevant business. If your company involves high risk of getting sued then you will be advised to select the structure as Limited Liability Company or Corporation to protect your business or individual assets.
Partnership and Exit Phase
If you are in partnership then the lawyer helps to draft an appropriate partnership deed. Disputes may arise regarding salaries to management decisions to allocation of profit and loss among the partners. A contract that clearly states each partner’s expectations and responsibilities may avoid such arguments.
If a partner or shareholder decides to exit then it can possibly threaten your business, so exit strategies need to be planned. To continue operating smoothly buy-back or buy-sell agreements are appropriately drafted by the lawyers. This ensures that major shares can be sold without any legal mess or placing any excessive financial load on the business.
Handling the Employees
Solicitors Northampton also makes certain that employment application does not include any biased questions. It suggests you to act in accordance with the anti-discrimination laws. They draft employment agreements that are necessary such as the non-compete clause and confidentiality contracts. Organizations provide employee handbook to their employees, which are drafted by the lawyer in an appropriate manner to avoid any disputes later on.
Deals with Intangible Property
Several intangible business assets need to be protected legally. Your company’s logo, name, product and brand are allowed for copyright protection. Patents cover manufactured products, machines, process and chemical compounds. Creations like computer software, vessel hull design or chip mask designs are entitled fro trademark registration. Patent, copyright and trademark registrations can offer a competitive advantage and they can even be licensed or transferred to a third party for finance.
Solicitors Northampton is also successful in handling customers. They can draft a standard contract with clients that will steer you away from troubles. They are also helpful in collections and disputes with customers. Engaging the services of a lawyer early is sure to help you settle legal matters very quickly.