How can I protect my business from uncertainty in new and developing areas of law?

When setting up a business, it is hard enough keeping up to date with rapidly developing technology and software, making it increasingly difficult for business owners to keep tabs on new and developing areas of law at the same time. However, it is crucial for all businesses to ensure their business structures, and the ways in which they provide products and services to customers, consistently comply with legal requirements.

Luckily, keeping up to date with the law can be easy if you speak with a tech solicitor. Tech solicitors have extensive knowledge and experience in dealing with new, developing areas of law and their interaction with technology today. Their unique skillset allows you to apply new areas of law to unique business concepts, ideas and systems that may not have been possible in the past with a limited, traditional view of the law.

So, how can a tech solicitor protect your business from uncertainty in new areas of the law? This can be explained in two key points:

(a)    Providing you with fast and effective legal advice

When speaking with a tech solicitor, you don’t need to spend time instructing them on the basic technological aspects of your business model. Your tech solicitor should know what sharing information on a cloud means. They will know how digital currencies work and what the legal ramifications are if you accept such currencies. They will know how to draft legal documents that can be accepted by users online, and they will already know the ins and outs of setting up your business’s website and the particular legal issues that come along with it.

Tech solicitors, with their plethora of knowledge relating to new areas of law, can get straight to work in ensuring that your business complies with current legislation, saving you time and money in explaining basic information that a traditional lawyer may not be aware of.

(b)   Drafting legal documents and discussing your legal options

One of the best ways to ensure that your business complies with legal requirements is to ensure that any legal documents of the business reflect up-to-date legislation. Of course, since most of us cannot draft legal documents from scratch, your tech solicitor will be able to do this for you.

Tech solicitors can draft a variety of legal documents for your business, including:

• Documents that establish your business structure, including shareholders agreements and cofounder agreements;
• Sales terms and conditions;
• Service agreements;
• Website terms of use and privacy policies.

Conclusion

To help ensure that your business complies with new and developing areas of law, and to get an understanding of the legal issues that relate to your business, it is a good idea to seek legal advice from a tech solicitor. We understand that developing a business can be quite tricky, so getting a grasp of the legal considerations as early as possible will be hugely beneficial to you and your business.