5 Critical Business Transaction Law Services You Should Know
Business owners, entrepreneurs and managers all over the world face a myriad of legal issues. The scope of these issues cover an incredibly vast area, ranging from intellectual property and corporate law to real estate and employment law. It is crucial for business owners and managers to consult with a lawyer who specializes in business transactions if they want to avoid any critical problems relating to their business operations.
The following are five such services that can help ensure smooth operations.
Commercial Leasing
This encompasses all kinds of commercial leases including office space leasing, retail mall leasing, and industrial warehouse leasing, among others. The regulations that govern such leases involve zoning laws, construction regulations, and environmental regulations among many other areas that require a professional's advice in order to ensure compliance when leasing real estate property for conducting business operations.
Shareholder Agreements
These agreements do not necessarily need to be signed, but they should at least be written and agreed upon by all shareholder members of a company. It is crucial for business owners and shareholders to seek the opinion of an experienced lawyer when drafting this agreement because it can significantly influence how their business runs in the future.
Asset Protection
Asset protection refers to strategies that are implemented as a means of limiting losses that could happen due to legal liabilities incurred by owning assets such as real estate or other investments. There are many different types of asset protection strategies that can be applied to different situations, and those trying to implement them often require advice from a business lawyer in asset protection law.
Joint Ventures
This is another type of business transaction that requires critical legal expertise. Joint ventures may entail all kinds of agreements, including shareholder agreements and joint operating agreements. They usually cover a large number of transactions, and it is vital for the manager and owner to consult with a lawyer who specializes in this field in order to minimize any risks and avoid future problems arising from their joint venture relationships.
Franchising
This involves the agreement between a franchisor and a franchisee. It usually covers many different aspects such as location management, equipment usage, and quality control, among other things. If one party wants to terminate the agreement, it must make sure that they abide by the provisions laid down in the franchise contract at all times or risk litigation if the contract does not include an exit clause.
Critical business transaction law services such as the ones outlined above can help ensure smooth operations and successful future growth of a company. It is important for owners and managers to consult with qualified lawyers every time there is a business transaction that requires legal services.
For more information, contact local professionals, like Boynton Waldron Doleac Woodman & Scott P.A.
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