What is a commercial solicitor?
Commercial solicitors assist individuals, companies and small businesses with their legal needs. So what differentiates commercial solicitors from other kinds of solicitors? Essentially, commercial solicitors have extensive experience and knowledge in the fields of business and commercial law.
Why do I need one?
When operating a business, you may often need quick and accurate legal advice. For this reason, you will need to speak with a lawyer who is experienced in business and commercial law to give you advice on your immediate and long term needs within a short time frame.
Additionally, commercial solicitors will have hands-on experience in their areas of law, providing them with knowledge that other lawyers (who may have simply studied legislation and precedents) will not be aware of. Often there is a great divide between the simple legal concepts that you can study about in a book and the general practices and procedures that are applied from day-to-day life. A commercial solicitor will know how the business and commercial law world works and can provide you with legal advice that is relevant to the practices and procedures reflecting commercial realities.
What documents can a commercial solicitor help me with?
Commercial solicitors can assist you with drafting and reviewing almost any legal document including:
- Shareholders agreements,
- Privacy policies,
- Confidentiality agreements,
- Service agreements,
- Franchise agreements,
- Employment agreements and many, many more legal documents.
Commercial solicitors can also assist you in purchasing and selling businesses.
Conclusion
If you operate a business or you are looking to operate one, it is a good idea to seek the assistance of a commercial solicitor. While we recognise that it is costly to set up a business and business owners are often unable to spare extra funds to speak with a lawyer, we believe that seeking legal advice in relation to business and commercial issues affecting your business should be done as early on as possible to minimise any further complications or disputes that may arise in the future.
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