Every business needs two professionals. While one is the accountant, the other is the commercial litigation lawyer. The reasons for hiring an attorney may not be clear, but you can get the most valuable piece of advice in every aspect of the business. Right from the fundamental zoning compliance to the issues of trademark and copyright, and the formal incorporation of business, there is a host of liabilities the lawyers handle.
Here are a few things to know about the vital role of the corporate lawyers in India
1.Stop being sued
A majority of the businesses prefer putting off the task of hiring the services of the corporate law firms in India until the last minute. It is the biggest mistake for your business. You must always try to hire and associate with a good lawyer before being sued for something. Once the sheriff comes to serve with the summon and the complaint, it is already too late and it becomes a question of paying all the court costs.
2.Experts in business
The corporate commercial law firms have expertise and skills in company and business law. They also understand the slightest differences between the legal entities and the best way to utilize them for various purposes. The corporate law practitioner also helps the company in handling different transactions emerging from business transactions. In the case of mergers and acquisitions, these lawyers are responsible for entering into negotiations with the target company at first and come up with a MOU or the Memorandum of Understanding. The role of this lawyer is to conduct due diligence on the target company to find out the existing legal liabilities.
While the liabilities are the litigation whether pending or present, along with an array of other issues such as ownership and transfer. Furthermore, the businesses appoint the best corporate law firms in India for drafting the conditions of agreement or sale. They can also draft the agreements of finance, related to the transaction along with the escrow agreements. After the finalization of the agreement, the corporate law practitioner can start drafting the new shareholder agreements and offer advice about the structure and the types of shares that the client needs to issue in proportion to the mandate. Apart from this, they are also going to draft the MOI or the Memorandum of Incorporation and work on the documents for changing the name of the target company. After the completion of this procedure, they are going to offer advice to the company about the effects of the change of ownership on the movable and immovable property and the matters related to labor.
3.Understanding and legal research
The top corporate lawyers in India have understanding of the business industry. They have deep knowledge about the laws of different jurisdictions related to the business and the differences between the legal entities, organizations. Some of the other areas they serve is restructuring, bankruptcy law, and intellectual property. The legal professionals also have expertise in conducting proper and adequate legal research, and it ensures that they have knowledge of the laws, rules, and regulations. The best corporate law practitioners must also stay aware of the changes and updates. Moreover, the best lawyer also ensure that their client complies with laws and they are aware of the rights and duties of the businessmen in this country.
The top corporate law firms in India are good negotiators as they act on behalf of the client whether it is to reach an agreement or bargain with people to represent the best interests of the clients. The persuasive ability of the legal professional can help them to gain an upper hand for the lawyer.
5.Handling multiple tasks
The best corporate law firms represent the business in the court while handling the legal disputes. Quite naturally, the sole focus of the lawyer is to respect the wishes of the clients in a suitable manner. Ideally, the legal professional of the firm is going to take a look at the case initially and decide the ways in which to handle it. The aim of the law practitioner is to reduce the losses of the business.
Often there are clients who have little or no idea about the legal issues gripping the business. However, the corporate lawyer can manage all the issues to understand the priority of the case properly.
Amy Jones is the lead legal expert at, Ahlawat & Associates-best law firms in India. She is a passionate writer and loves to help people in all aspects of legal matters.