The world of commercial, business, and employment law is vast. There are so many things you need to know, and you’ll need a lot of experience to navigate through corporate law.
That’s why commercial law services are some of the most common legal services in Australia. That said, it can be hard to pinpoint what commercial and corporate lawyers actually do. So, we’ve created this quick guide to commercial law.
Below, we’ll get into what commercial law is and its scope, examples of corporate law services, how to find the best commercial lawyers, and whether or not you need to hire a corporate lawyer for your business.
Keep reading to learn more.
What Is Commercial Law?
Commercial law, sometimes called business law, highlights and focuses on laws regarding business operations. Typically, commercial law covers the conduct, rights, and relations of people that engage in business. It applies to small and large businesses alike, and having a commercial lawyer representing your interests in the corporate world is crucial.
This is a wide branch of civil law that includes a wide range of topics. Everything from corporations, securities, and deviations to taxation and financing is under this branch. This is why business lawyers must have a lot of knowledge in their field along with the skills necessary to provide the best possible outcome for their clients.
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In-House Lawyers vs a Commercial Law Firm
Practising corporate law doesn’t require any special licenses or permits. Any lawyer with enough legal knowledge can represent someone in business law cases. However, it’s also important to ensure that your corporate lawyers are experienced and knowledgeable in the field.
While many lawyers will take on corporate cases, they’ll likely only handle a handful of these cases in their careers. But if you hire a professional from a commercial law firm. Lawyers in commercial firms regularly handle business cases. That means they are experts in local laws on intellectual property, shareholder agreements, commercial litigation, and more.
The best corporate lawyers are the ones that are familiar with the intricacies of this field of civil law. This is why it’s important to prioritise experience when looking for someone to handle corporate legal matters.
What Types of Legal Services Will a Commercial Lawyer Offer?
Business lawyers cover a wide scope of topics and cases. You can hire a commercial lawyer to help with intellectual property law, business sales, contract law, and more. Since these lawyers handle such a wide range of cases, it’s easy to get confused about when you should hire business lawyers. So, here’s a quick list of some of the most common services these lawyers can offer.
General Business Law Advice
When you have business lawyers on your team, they can advise you on certain legal concerns. For example, you’ll need to plan for different legal scenarios when running a corporation. It’s important to account for all the variables and anticipate potential legal concerns. Commercial law services include general legal advice.
It’s important to keep your operation legal and within business rules. Business lawyers advise you on how to build your operations around certain laws, allowing you to stay compliant. This includes helping you with protecting your business assets and other concerns you may have as a business owner.
Draft Legal Documents
Another key service that a commercial law firm offers corporate entities and private companies is the drafting of legal documents. These lawyers spend years in school studying business laws and regulations. When drafting your documents, rest assured that the legal team will apply all of their knowledge to ensure the documents are legally sound and compliant with local regulations.
Once the lawyer drafts the document, they will review it to ensure that the document is accurate. From there, they will bring the document to all relevant parties for their signature and approval. On top of that, the lawyer can also file these documents for the client, which saves you a time-consuming trip to the courtroom.
Some of the documents a commercial team may draft include:
- Cease and desist letter
- Letter of demand
- Privacy policy
- Partnership agreement
- Shareholders agreement
- Merger agreement
Your lawyer can even help you draft your corporate structuring plan. That way, creating solid corporate structures for your business is much easier.
Negotiations
Your lawyer can be your legal representation during negotiations with other business entities. Typically, commercial lawyers play a huge role in negotiations as their extensive experience allows them to represent the best interests of a company. This is why it’s important to find a knowledgeable and experienced lawyer who can offer expert advice while also representing your company during negotiations. you can find the best lawyers at https://online-wills.chamberlains.com.au/
Litigation
Your lawyer can also handle your business litigation needs. For example, you’re going to need a good lawyer for contract disputes, fraud, and other cases. Lawyers offer their legal expertise and can represent you in court whenever these issues arise.
Business litigation is very different from criminal law, and you’re going to need a legal team familiar with local rules and regulations before entering the courtroom. That way, you have a much better chance of getting your desired outcome.
Every business deals with litigation from time to time. That’s why dispute resolution services are some of the most popular services that commercial law firms offer. So, if you’re running a business, you’ll need a team of corporate lawyers by your side in the event of litigation.
Do I Need to Hire Business Lawyers in Australia?
If you own or operate a business in Australia, you will need a business lawyer. This is because business lawyers can help you with all your business needs and legal concerns. For example, they can help you with commercial leasing and the property settlement process and even represent you in the event of a dispute.
When hiring a lawyer for your company, make sure to hire one that specialises in business and property law. That way, you’re sure that they will be able to handle the intricacies of the field and represent your best interests.
Conclusion
Business and commercial lawyers are very important for modern corporations. They are there to represent the company in all legal proceedings. And if you’re running a business, these lawyers are essential. So, it might be time for you to check out firms in your area and hire a lawyer for property and planning permits, contracts, negotiations, and more.
