Commercial Lawyer Who Cares About Your Business.
Businesses that do not have a lawyer to support day to day functions expose themselves to a wide range of risks. They may be exposed to contractual vulnerabilities, compliance issues, missed deadlines, and more.
Commercial lawyer
A commercial lawyer is a lawyer that specializes in trade and commerce related laws, helping businesses navigate through the legal requirements of company operations. They help in protecting business interests throu... moreCommercial Lawyer Who Cares About Your Business.
Businesses that do not have a lawyer to support day to day functions expose themselves to a wide range of risks. They may be exposed to contractual vulnerabilities, compliance issues, missed deadlines, and more.
Commercial lawyer
A commercial lawyer is a lawyer that specializes in trade and commerce related laws, helping businesses navigate through the legal requirements of company operations. They help in protecting business interests through the following:
1. Contract Review and Drafting
Contracts are an integral part of every business. Although in the past, agreements were made orally, in today’s age, more and more businesses enter into written contracts with clients, vendors, and even entities that are part of the business organization. A commercial lawyer can help you draft clear contracts with precise and clear clauses, avoiding legally flawed, or unenforceable terms. Lawyers also help in reviewing contracts issued by other parties, and highlight problematic or one-sided clauses that expose your business to unforeseen financial burdens.
2. Compliance support
The UAE laws and regulations are constantly evolving to ensure that they are in line with the changing world and international laws. A lack of legal oversight in this regard could lead to legal violations which could in turn lead to fines and penalties. Non-compliance with local regulations in the UAE can lead to hefty fines and even the shutdown of the business.
Commercial lawyers Dubai also helps in the setting up of businesses, helping one identify the right type of entity to choose from. The United Arab Emirates also allows the setting up of business either in the mainland or in the freezone. Each option comes with a distinct set of advantages. Commercial lawyers can help one understand the advantages of these options with regard to their business.
3. Protection of company assets including intellectual properties
Company assets are not limited to tangible properties such as real estate, vehicles and money. It also includes intangible assets such as patents, copyrights, trademarks and more. Commercial lawyers play an important role in safeguarding the assets of a company. They help in securing intellectual properties by registering them and ensuring that the IP rights are not infringed by third parties. Additionally, they also ensure that the business is not infringing third party IPs, protecting the business from legal liabilities.
4. Support during dispute
Businesses may be involved in disputes from time to time. However, with a commercial lawyer, these disputes may be managed early, which may positively impact the interests of the company. Commercial lawyers can help the business in settling minor disputes before they escalate into expensive litigation. Additionally, in case of litigation, commercial lawyers can provide strong legal representation, increasing the chance of a favorable outcome.
Conclusion
In an attempt to avoid the costs of hiring a commercial lawyer, businesses can risk serious legal liabilities and expensive litigation. It is therefore highly advised to hire a commercial lawyer to ensure a smooth business.
For More Information - https://www.alrowaad.ae/expertise/commercial-law/
