Companies not only strive to adequately meet the needs of their desired target audiences but also work to establish and maintain positive relationships with their employees, customers and community. Even with the use of best business practices, situations may arise in which a company is unable to come to a resolution without the assistance of legal intervention as a lawyer, like a bankruptcy lawyer. Having a business lawyer on retainer may help in navigating through such strenuous circumstances.
Understanding Types of Potential Conflict
Conflicts can come about at any time between any two or more parties. Whether it be an internal or external disagreement or accusation, it is important that a company understand all possible scenarios that may potentially occur. Business lawyers employed on a retainer typically have extensive knowledge of common charges and lawsuits that might be filed against the company. Therefore, they may be able to assist in implementing proactive measures to avoid any future liability, as well as develop effective strategies aimed at placating any existing issues. A company may find it beneficial to utilize the skills of a lawyer when dealing with matters relating to:
- Codes of conduct, policies and regulations
- Execution of contracts
- Dissemination of proprietary information
- Wrongful termination and lost wages
- Unsafe working conditions
- Faulty products
- Damage to ecosystems
- Exposure to harmful substances
Easing Undue Stress
Predicting the exact moment that a company will need to retain the services of a lawyer is nearly impossible. In an emergency, a company without representation may struggle to find somebody that knows the inner workings of its company and can adequately provide services in a timely and cost-efficient manner. Having a business lawyer on retainer may be one way for companies to avoid such situations. These lawyers should be knowledgeable of the company’s products and services, executive level management team and financial standing; this greatly minimizes the amount of time spent on company research. When paying a lawyer on retainer, a company is ensuring that it continuously remains one of the lawyer’s top priorities and can request their services at any given time. The company can therefore devote its time to managing the current situation rather than scrambling to find someone to competently defend them.
Although some businesses are lucky enough to never encounter any legal issues, this doesn’t hold true for the majority of companies. Contact a business lawyer to discuss retainer services and how they may assist your company with any legal matters that you may encounter.