Those who are starting their own companies have a lot of responsibilities on their plates. In addition to developing a great product, you need to hire employees, figure out how to market the item, and build relationships with suppliers as well as your customers. One thing that many companies overlook is the need to hire a commercial attorney in Dallas, TX. Commercial lawyers are essential for any company, regardless of size, for a few reasons. These include:
Drafting and Reviewing Contracts
Never sign a contract without first having a lawyer review it. This is a rule you should always maintain, even if it might slow down business in the meantime. While everyone wants to believe they are dealing with honest people, this is not always the case. Having a contract in place sets out the rights and responsibilities of both sides, including instructions on what to do if one side fails to live up to the agreement. Without a legally binding contract, you could be out thousands of dollars should the other side decide not to follow through. A good legal team can draft or review all agreements, make sure they comply with the law, and initiate action should something go wrong.
Protection from Lawsuits
It is no secret that these are increasingly litigious times. While many lawsuits do have merit, countless others are filed without justifiable cause. Having a skilled attorney on your side can help ward off lawsuits without basis. Lawyers know how to respond to individuals who make those kinds of threats without making the issue worse. They also know what level of evidence must be met for a lawsuit to have merit in a court, meaning that they can advise you as to which claims you can safely ignore.
Hiring a commercial attorney in Dallas, TX is one of the wisest business moves you can make. Simply put, they work hard to protect your assets, so you can focus on making your bottom line grow.
For more information visit Khavari & Moghadassi.