Running a business is a big undertaking and it’s essential that you have the right team of professionals to help you navigate the ins and outs of not only being successful in your industry but also ensuring that your business is compliant with all of the relevant legislation and regulations. One of the people you will want to have on your team to help you do that is a good corporate lawyer.
Here is how a corporate lawyer can help ensure that your business is complying with the laws that are essential to the functioning of your business.
A corporate lawyer will review your documents and contracts to make sure that everything is in order, that you are not exposing your business to unnecessary risk, and to ensure that there are no provisions in your contracts that would impact the legality of the contract.
Ensuring that your contracts comply with all relevant legislation will help to protect your company against lawsuits and to help ensure that your contracts are enforceable. Employment contracts, for example, will be reviewed to ensure that there are no violations of any company policy or labour laws.
Another way that a corporate lawyer can help ensure that your company is complying with legislation is to act in an advisory role. As a business owner, you may not have time to monitor changes to legislation but that is part of your lawyer’s job. When new policies are introduced, your lawyer can explain how they will impact your company and what your company needs to do to be in compliance.
Your corporate lawyer can also advise you on your own policies and whether they comply with current laws. For example, if your Board of Directors is proposing a new policy, your lawyer will advise you on any legal ramifications before you decide whether or not to adopt the policy
Interpretation of Court Rulings
Unfortunately, not all laws that affect your business may be totally clear, and some may be open to interpretation as to how to follow them. Clarification on such matters may not appear until something is tested in court.
Your lawyer may provide an interpretation of a court ruling when there is a case that doesn’t involve your business but it involves other businesses in your industry. Your lawyer will advise you on how the ruling could affect your business in the future and what your next steps should be.
Contact Minhas Lawyers today
Corporate lawyers are essential in helping businesses with many of their day-to-day functions, but they can also be an invaluable resource to help businesses ensure that they are complying with all the relevant legislation to their industry. If you operate a business and are looking for a good corporate lawyer, contact Minhas Lawyers today.
Minhas Lawyers LLP is a multi-practice law firm based in Mississauga. We advise and represent clients across various segments and practice areas.
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