If you own a business, you have to make decisions, every single day and every single one of them would be related to the growth and betterment of your business. However, there are mistakes that a lot of businesses make and several of them are related to legal issues. In today's fast-paced business environment, legal issues can arise unexpectedly, which is why, having a litigation lawyer on your team would make sense.
These are some of the most common legal mistakes that businesses tend to make:
1. DIY legal work – You might have some legal knowledge, but unless you are a full-fledged lawyer, it is best that you let the experts handle legal issues. Attempting to handle legal matters without professional assistance can lead to costly errors and missed deadlines.
2. Ignoring legal advice - One of the most frequent errors is dismissing legal advice as unnecessary or too costly. Ignoring expert legal counsel can lead to costly mistakes and legal disputes. If your Australian litigation law firm or lawyer is suggesting something, it would be wise to pay heed.
3. Failing to document agreements - Verbal agreements, while convenient, can be difficult to enforce, which is why it is crucial that you to document all agreements, whether formal contracts or simple memos. This includes protecting your intellectual property rights, such as trademarks, patents, and copyrights
4. Disregarding employment laws – As a business owner, you might have employees, which means that you need to pay attention to them as well. Non-compliance with employment laws, including unfair dismissal, discrimination, and workplace health and safety, can result in costly legal battles.
5. Ignoring contractual obligations - Breaching contract terms can lead to legal action and significant financial penalties. When your lawyer is around, they will be able to ensure that all your contracts are created properly and your interests are protected.
6. Poor record keeping - Inadequate record-keeping can hinder legal proceedings and make it difficult to prove claims or defend against accusations. This becomes all the more essential should a defamation case arise, because your defamation lawyer will need all details to protect you.
At Blackbay Lawyers, you can get the best legal representation as well as the most tailor made solutions for the specific needs of your business.
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