What do you understand to be the role of a commercial lawyer?

The major aim of creating laws is to protect the rights of people . In the case of trade and business, there are various legal documents and transactions involved. These transactions are between internal business parties or with external parties such as debtors, creditors, government officials etc. In order to maintain transparency and avoid conflicts between the parties, commercial law came into existence. The one who handles disputes related to commercial law is known as a commercial lawyer. As a business owner, you might need the services of commercial lawyers frequently.

Roles and responsibilities of a commercial lawyer


Due to globalization and widespread business operations Having a personalized commercial attorney has become a necessity for large-scale businesses. Are you planning to hire a commercial lawyer for your business? Here are the roles and responsibilities performed by them:

Maintaining the documentation

A company needs various documentation work which makes them a legal entity. The commercial lawyers help complete the documentation and submit it to the appropriate authority. It also guides the company in case of up-gradation required in the old documentation.


Guidance on legal matters

A wrong step taken can cost your business lakhs and you may have to face legal consequences. Commercial lawyers guide you on legal matters and make sure you are working as per the government rules and regulations. In case of changes in case of change in law, they guide you about the change.


Solving business disputes

The commercial attorney helps your business in solving its disputes with internal as well as external parties. They protect your business from getting trapped by unauthorized persons while external dealing. In case of disputes, they conduct negotiations and take legal action if required to solve the case.


Litigations

When the company has been befouled or tricked by any external party and its assets or trade secrets are being misused by the person to spoil the company’s reputation in the market. Then the lawyer will take legal action against the person and represent the case in the court and prove that the business is being tricked.


Liquidation or change of ownership

When the company plans to liquidate and cease its operations the commercial attorney performs all the tasks such as the sale of assets, division of profile or loos among the partners, and other liquidation-related tasks. The attorney also assists during the change of ownership of the company.


Summing Up

The above-stated roles and responsibilities are performed by a commercial attorney. The attorneys are helpful for a business and help it face legal matters and conflicts with outside parties. Make sure you choose an attorney who is experienced and has a good understanding of Commercial Law firm in Dublin. We are a team of experienced attorneys to help you with legal matters related to your business.