How Outsourced General Counsel Can Protect Your Business from Legal Surprises

The advantages associated with business ownership are numerous. Owning a business allows you to design your company according to your own aspirations, be your own boss, and exercise your innovative prowess on a daily basis. However, business ownership also leaves a business owner vulnerable to legal pitfalls. As a business owner, it is crucial that you prepare for the legal concerns that are bound to arise. One of the best ways that you can protect yourself from adverse legal surprises and set your business up for continued success is to retain an outsourced general counsel.

Preventing Legal Problems in Advance Instead of Putting Out Fires

Being a business owner can sometimes feel like walking a tightrope without a safety net. One misstep or oversight and you could find yourself in substantial legal trouble. Failing to account for your local government’s business licensing requirements, misclassifying workers, regulatory noncompliance, and trademark infringement are just some of the countless legal issues that you may encounter as a business owner. These issues can leave you rushing to an attorney for legal assistance.

Undoing the damage caused by legal mistakes is stressful and costly. A more effective approach is to work with an experienced business lawyer before legal issues arise. Of course, many small business owners cannot afford a full-time, in-house legal team. This is where an outsourced general counsel comes into play. When you utilize an outsourced general counsel, your lawyer is consistently helping you take the steps needed to avoid preventable legal trouble from disrupting your business.

Writing Contracts that Minimize the Chances of a Dispute

Business contracts are the backbone of a successful small or medium-sized business. In the course of your business, you may use employment agreements, partnership agreements, nondisclosure agreements, non-compete agreements, licensing contracts, leases, and much more. Some businesses rely on vague, one-size-fits-all contract templates for their business contract needs. This can lead to misunderstandings and massive legal headaches. Contracts that are hastily put together are often ambiguous, ineffective, and leave out important provisions such as termination clauses or litigation provisions. Poorly written contracts also increase the chances of a contract dispute.

When you work with an outsourced general counsel instead of relying on generic contract templates, business contracts are customized to your unique business needs and goals. Furthermore, your lawyer can help you draft and utilize contracts in a way that minimizes the risk of legal disputes in the future. If a dispute does arise, you know that you have an attorney in your corner who is already familiar with your business and ready to advocate on your behalf.

Contact Us for More Information About Our Outsourced General Counsel Program

The key to a successful business is to be proactive rather than reactive. A DuPage County outsourced general counsel attorney from the Gierach Law Firm can help you prevent legal disputes before they arise. To learn more about how our Outsourced General Counsel services can benefit your business, call us today at 630-756-1160.

Source:

https://www.entrepreneur.com/article/288649