Business Lawyer Dubai : Best Business Law Firm in Dubai : Legal Firms in Dubai : Best Lawyers in Dubai, Advocates & Legal Consultants in Dubai UAE. If you are planning on starting a new business, doing so without the guidance of legal counsel can be biggest mistake you can ever make. If you don’t already have a lawyer representing you, you should obtain the services of a business lawyer who is well versed and experienced especially with regard to corporate matters and startup ventures.
If you are planning to start a new venture, a business lawyer with expertise and experience all of the fields affecting your business–such as labor or employment law, tax law, real estate law, banking and finance or intellectual property–would be your best bet. A business lawyer in Dubai also helps you if you find yourself with a serious legal problem in the course of your business. A business lawyer helps in many areas from making business decisions to handling serious problems such as an injury caused by your product .
If an inexperienced person handles these cases, he or she might cause serious harm to your business. Business lawyers in Dubai play a critical role in several business activities, such as legal obligations and implications. If you are engaging in real estate acquisitions and dispositions, it is important to consult a business attorney.
A business attorney in Dubai can assist you with contractual drafting and negotiations as well as the acquisition and disposition of assets during a restructuring process. Thus, in every step of your business, right from setting up the venture to running it successfully, you need a business lawyer Dubai to help you take right decisions to run your business successfully without legal complications.
Finding a lawyer where you are running or planning to run a business. Since each state has its own code of law, it would be wise decision on your part to hire the services of a local lawyer well acquainted with the ins and outs of business law in Dubai.
To run a business in Dubai, which has strict business laws and norms, it is always safe to hire a well-experienced business lawyer in Dubai. Hiring an efficient lawyer is no easy task. It’s always good to seek references from relatives or friends, who can comment upon the lawyer’s track record and capability. Setting or running a business venture is no easy game, so take the first right step by hiring the right lawyer, to move ahead towards growth and success.
Business Lawyer Dubai
Business Lawyer Dubai : Best Business Law Firm in Dubai : Legal Firms in Dubai : Best Lawyers in Dubai, Advocates & Legal Consultants in Dubai UAE. The legal system in Dubai is well organized and people who come to this land of opportunity for business setup can rely upon Dubai business lawyers to take care of every detail. These dedicated and expert business lawyers Dubai provide services of high standard to their clients, so that they can easily establish their business.
Most of the city based renowned Dubai lawyers provide their clients with superior advice without much expense. These lawyers are professionals who have experience and knowledge to resolve any kind of legal dispute within or outside the business. You can trust on these business lawyers because they emphasize mainly on the requirements of the client backed by trust, confidentiality and integrity. These ensure that your business legal aspects are in safe hands and they will provide you with best solutions.
Business lawyers in Dubai take care of various aspects of a business organization. Agreements and other business documentation like receipts, quotations, bank forms, security, loans, income tax, shareholder’s documents, agreements with parties and financial statements, etc. are kept under the supervision of these lawyers. However, the major problem that a business might face is from agreements like contracts, agency, employment joint venture, etc.
Dubai lawyers can help you out in these matters with their legal advice in the event of entering into a formal agreement. The agreements should be filled up under the purview of an expert business lawyer and it should clearly state the party’s intention and should be enforceable and executed properly.
In cases where a party sends you an agreement, Dubai lawyers or the solicitors should look into the matter before drafting the document, because if it is not properly studied, it can have negative impacts on the business and can even drag the matter to court. Apart from these, the Corporation Act states that the date of incorporation and last 5 years financial statement must be kept properly in order to avoid any unfruitful incident to take place in the future.
Business lawyers in Dubai also play crucial role in disputes and litigation, which involves businesses, individuals, government and non-government bodies. Generally, the cause of disputes is mainly due to grievances resulting from a party’s inaction or action and can prove damaging as far as your business reputation goes. These lawyers in Dubai then come to rescue of the business through mediation, arbitration, conciliation and determination.
Business lawyers in Dubai also attend commissions and tribunals to resolve the matter. Other than these, a business lawyer in Dubai has to deal with lot of things, right from contracts to franchising and corporate governance to intellectual property.
Importance of a Lawyer to Your Business
For very many small business owners out there, using a lawyer is the same as calling a plumber or fireman. One does it only if there’s a problem.
Mostly for new startups and businesses, needs such as sales, marketing, staffing and just getting the business off the ground takes priority over other legal issues, particularly issues that do not seem to be of immediate concern. They tend to forget that smart business planning also involves preventing problems and making sure that the business is protected against any potential trouble.
Intellectual Property Rights
Many assets of a business that are intangible should be legally protected. The company’s logo, brand name and all the distinctive goods and services are all entitled to copyright protection. Semiconductor chip mask designs, proprietary computer software, vessel hull designs, and all other creations may be eligible for trademark registration. People often think that patents cover only machines and other manufactured products, but they can also be used to protect processes, such as a new method for refining crude oil, or new compositions of matter, such as mixtures or chemical compounds. Copyright, trademark, patent, and copyright registrations can also help a business to protect the things that give the business a competitive advantage in the market.
While a majority of corporations will make use of an attorney to help out with the process of incorporation. New businesses at times neglect the on-going legal requirements to maintain their corporate status. Directors, annual shareholder and partner meetings, need to be held, and the recording of minutes and election of any officers must conform with the state requirements. Failure to do this could jeopardize the corporate status and result in “piercing the corporate veil” in the event of a legal action or a lawsuit, thus exposing the corporate officers to legal problems or personal liability.
Most companies, especially companies that deal in technology products and services, count the knowledge that the employees have as one of their most important assets. Yet some of them fail to protect those assets through lacking a non-disclosure agreement with their employees. Unfortunately, some employees will have to leave the company, and it’s very important to protect your business against them taking the knowledge they have acquired and trading it with your competition.
Many entrepreneurs are sometimes very focused on starting new businesses that they do not consider what will happen if one of the principals leaves the business. When a major shareholder or partner decides to suddenly exit the business, it can potentially threaten the ability of the new business to continue operating. Corporations closely held need to have buyback agreements or buy-sell agreements to ensure that the partners or major shareholders can sell their interest without causing legal entanglements or placing a financial burden on the company.
What is the cost of hiring a lawyer to deal with all these issues?. There are no cheap good lawyers, but then again, neither is any other consultant very important to your business. A consultation with a lawyer can determine what a company’s legal needs are. An investment in a lawyer’s time, like a medical checkup or a fire code inspection, can help prevent major problems in your business.
What Does a Business Lawyer Do?
There are two different areas within business law: transactional and litigation.
A business lawyer focusing on transactions gives advice about how to start and manage your business. Acquiring another business and making sure your existing business complies with current regulations can be quite complex.
Business lawyers with a focus on litigation represent you in court if you’re being sued or need to sue someone else. Generally they pick up where transactional lawyers leave off—for example, when a contract or some other legal document is violated or disputed.
Business lawyers can help guide you through complex laws and are able to draft and review your business agreements to keep your business running smoothly. In addition, they can take you through a lawsuit if things aren’t running smoothly.
How Do I Know If I Need a Business Lawyer?
Consulting with a business lawyer is a smart idea when you’re forming a business, managing a business, transferring a business, or having trouble with your business.
A transactional business attorney can help with:
- Drafting and reviewing documents
- Mergers and acquisitions
- Corporate compliance
- Business formation
- Leasing and licensing property
- Managing employees
How Much Will a Business Lawyer Cost Me?
Business lawyers will typically charge by the hour. Depending on the matter, however, your lawyer may be able to provide a flat rate to help keep pricing transparent and predictable. Rates will certainly vary depending on where you live and you should always be sure to have an agreement with your lawyer up front that sets what the costs will be. If you decide to use a Rocket Lawyer On CallTM attorney you get a free consultation and fixed rates on the lawyers services.
What Should I Expect When Working with a Business Lawyer?
The first time you meet with your business lawyer he or she will ask you about the history of your business, your goals for the future of your business in the future, as well as a few questions about yourself. Because small business owners and managers are so closely tied to their businesses it’s extremely important for your lawyer to know a great deal about you too.
Once your lawyer has a full picture of your current situation, he or she will be able to provide you guidance about what your legal risks and opportunities are. You should expect to have an engagement agreement in place that outlines what your costs will be and what matters your lawyer will handle before you start working with your lawyer on additional legal matters. After that, your lawyer will start taking care of your legal matters and provide you regular updates on his or her progress.