What exactly is business law? It is a branch of the law that deals exclusively with the different business entities you come into contact with everyday. Your car dealership, home repair shops, and local restaurant all have something in common in that they are all involved in some form with business law. So if you ever meet someone in the course of doing business, it’s almost guaranteed that they are going to mention business law, even if they didn’t mean to. The reason for this is that business law can be very complicated, so much so that many people believe that it is best left to large corporations to sort out.
That’s where small business law comes in. Basically, business law is highly intellectually and financially rewarding. You’ll likely make a high five-figure salary, and you’ll be responsible for helping your clients achieve their business objectives (usually some of which are newsworthy). However, you are not just a corporate lackey; you actually enjoy the occasional round of golf, tennis, or other extracurricular activities that many people take part in on a daily basis. So even if you don’t feel like working for an outside office, business law can benefit your love of sports, entertainment, or other non-work related hobbies.
Another great reason to retain a small business law attorney is the many times that such disputes are settled out of court, rather than going to trial. Whenever there is a potential dispute, it is always preferable to settle the matter quickly and fairly than spend months or perhaps years trying to reach some sort of resolution through the legal system. For example, sometimes small businesses try to resolve minor disputes such as a speeding ticket by agreeing to pay a fine, avoiding any damage to the driver’s license, or even just avoiding the citation altogether.
Of course, not every business litigation case winds up in court. Often, small disputes are settled out of court. This is when a business lawyer steps in to mediate the dispute instead of engaging a lawyer. Mediation can save the employer money, because a mediator normally tries to eliminate any legal fees. Some employers also find that hiring a business lawyer can help them better understand what legal obligations they have, which can help them avoid making certain types of legal errors. If you ever decide to go to trial, the small business lawyer you employ can advise you on how to best present yourself before a judge or other legal official.
Many attorneys also handle other types of legal issues, including employment contracts, corporate filings, commercial leases, licensing agreements, landlord/tenant issues, insurance, intellectual property matters, commercial disputes, and issues that fall under the heading of commercial law. These types of legal issues range anywhere from franchising to real estate to contracting to purchase real estate. Because these types of business law cases often involve multi-million dollar contracts and agreements, businesses usually hire an attorney who has experience in the area of the law in which they need assistance. In some instances, attorneys will continue to work after receiving a settlement because they can give their clients sound advice regarding their case.
There are many reasons why business owners choose to retain the services of an attorney rather than attempting to do the research themselves. They may not have all of the necessary knowledge to make a reasonable judgment in a case, which is why attorneys are capable of handling these complex legal issues. Even if they don’t know everything about every type of business law case that might be eligible in their court, experienced business lawyers can make sure that they know what every document and stipulation in the contract is intended to mean. When a business is the one filing for divorce, hiring an experienced business lawyer is one of the best ways to ensure that the legal issues are properly handled.