Functions of a Company Attorney.
Companies nowadays find themselves in many dealing that requires signing of contracts or another legal requirement. It may be a mistake to conduct the activities without have representation of a trained legal counselor as later the company may find itself in trouble. The firm’s legal counselor is supposed to offer services in.
Legal counselor should be present when undertaking long term investment in assets such as land. It is essential to source the services of an attorney when undertaking investment in fixed assets. This is because nowadays there are so many fraudsters and if the company is not careful may end up buying non-existing properties. The work of the company’s legal counsel is to investigate the documents issued by the seller make sure that they are original. The company’s lawyer will also follow up on machines repairs or replacement in case of breakdown before the end of the stipulated period.
Firm’s lawyers are also responsible for dealing with workers’ disputes. The firms’ workers may sue the employer on different grounds. It is the role of the company’s legal counsel to recommend the best course of action to take. Lack of attorney’s guidance may result in a company illegally firing an employee which results in the company being taken to court. Leading to firms losing the case to the employee, therefore, having to honor the harsh terms issued by the court. The advocate will also help the firm develop a good work contract document.
There are also so many statutory rules and regulations that companies are expected to follow. The work of the advocate will be to educate the firm on the statutory requirements and the consequences of not following them.
Companies get sued all the time for various reasons. When a company gets sued it is advisable to hire a lawyer to guide them throughout the case. Some of the people suing the company may just be looking to threaten the company, to pay them off, to drop the case even though the company may not even be liable. Responsibilities of a company’s lawyers will also involve suing others on behalf of the company.
During any negotiation, it is important to have legal representation. Such as negotiation with suppliers or acquisition or merger deals. The importance of the lawyer is to advise on the legal procedures set for such deals and defend the company in case of conflict arises.
Public companies also have attorneys who advise them on securities laws and the requirement for board members. One strategy of creating positive public images is by recruiting the best advocates to be in charge of the company legal matters.