The value of having a commercial lawyer

Hiring a commercial lawyer is essential for all business, whether you are a startup, scaling your business, or are already an established organisation.

In Brisbane there are numerous commercial lawyers, and there are some factors to be considered when searching for a commercial solicitor to act for your business.

Why do I need a commercial lawyer?

You may be under the impression that a lawyer is only needed when you get into legal difficulties but having the assistance of a commercial lawyer in the first place could actually prevent you from making mistakes. Meaning that you reduce the chance of getting into legal difficulties.

Once an issue has occurred, it is too late. It’s then a matter of resolving the issue and trying to reduce the consequential costs to your business.

A Legal mistake could be costly both financially and in terms of reputation for any business, and could be very detrimental for small to medium sized businesses.

Utilising a commercial lawyer is about preventing the potential losses – It is an investment that will save you money in the long run and could be one of the most valuable assets to your business.

Understanding commercial law is imperative to the success of your business and while you can’t be an expert in all areas, you may want to consider outsourcing services such as this. This will allow you to focus on other areas such as operating, growing and developing the business.

Types of services offered by commercial lawyers

There are numerous different services that commercial lawyers in Brisbane can offer your business, including some of the following:

  • Reviewing commercial contracts
  • Forming commercial contracts that will protect the business and its interests
  • Registering trademarks and patents
  • Resolving commercial disputes e.g. contractual breaches
  • Creating employment contracts
  • Real estate and property leases
  • Franchising
  • Consumer law
  • Protecting intellectual property and business assets
  • The Sale and purchase of a business
  • Choosing a business structure and understanding liabilities and obligations relating to this
  • Ensure regulatory compliance
  • Provide day to day operations advice

It is best to contact a commercial solicitor to see how they can assist you with your needs and the requirements of your business. 

What should you consider when searching for a commercial lawyer?

The number of choices when hiring a commercial lawyer in Brisbane can make the process of selecting the right one for your business complex. Here are a few things that you should consider when engaging a commercial lawyer for your business.

You should firstly find out what they specalise in. You will need a lawyer who understands your business and the industry you work in. Not all commercial lawyers in Brisbane have the same skill set, so it is worth finding out before hand what experience and skills they have, as well as what exposure they have to different business scenarios. This will ensure they are able to meet the needs of your business.

Next, you should consider what assistance your business needs and identify your legal issues. For example, do you need help in forming your business structure, commercial contracts, or maybe you just have a one-off contractual dispute that needs resolving.

Another thing to consider is what kind of working relationship you would like to have with the commercial solicitor. Are you just looking for assistance from a commercial lawyer about a contractual dispute, or maybe you are looking to form a continued working relationship that will be able to provide you with legal support whenever needed?

Whatever your business needs are, you should consider the goals and requirements of your business when searching for a commercial lawyer so that they can best assist you and your business.

Final Note:

Engaging one of the commercial lawyers in Brisbane is an investment in your business that will help in preventing future financial and reputational losses to you. You should consider what legal needs your business has when searching for a commercial lawyer to engage and ensure that the solicitor is able to meets the requirements of your business.