Safeguard your business from a host of legal matters that may arise with the help of a commercial lawyer.
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Understanding what type of lawyer you need and when can be a source of confusion for businesses. If you're trying to figure out how a commercial lawyer can help you, then you've come to the right place.
Use this guide to get the lowdown on how commercial lawyers work and where to get useful legal services and templates online.
Where to speak to a commercial lawyer
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What is a commercial lawyer?
Put simply, a commercial lawyer specialises in commercial law. Also known as trade law, commercial law regulates individuals and companies that are involved in trade, sales and commerce.
This type of lawyer will often oversee the financial aspects of running a business within the realms of the law. This can include anything that occurs during the commercial cycle, from financing the business to the sales of goods and services.
When should I use a commercial lawyer?
It's a good idea to consult a commercial lawyer if you're ever seeking legal advice on your businesses' commercial activities. A few common examples of when you may want to hire a lawyer that specialises in commerce includes the following. If you are:
- Buying or selling property
- Raising capital for your business
- Investing in, or buying another business
- Forming new commercial relationships
- Writing up new commercial contracts
- Lending or borrowing money.
Commercial lawyer vs Corporate lawyer
The line is often blurred between the roles and responsibilities of a commercial and corporate lawyer. Corporate lawyers act according to corporate law which deals with the governance and regulation of businesses.
Commercial law, on the other hand, deals with the financial matters that occur as a result of commercial business.
What services does a commercial lawyer offer?
There are two different types of commercial lawyer: transactional lawyers and contentious lawyers. While the former will deal with writing up legal documents, the latter will help to resolve any disputes that occur due to commercial trading.
You can expect a commercial lawyer to assist you with the following:
- Drafting and editing of legal documents
- Mitigating risk in financial deals
- Dispute resolution and mitigation
- Intellectual property (IP) protection
- Property law
- Ensuring transactions are valid and legal
- International trade law
- Contract law
- Seeking action through litigation
- Property and leasing
- Business sales and purchases.
How effective is a commercial lawyer?
As a business owner, you'll want to put most of your energy into growing your business, rather than being bogged down with legal matters. Not only will hiring a commercial lawyer save you the effort of reading up on the ever-changing legislation, but a legal professional can ensure your business is completely covered by the law.
They can assist you if you get into any legal trouble, but, even better, they may help to prevent you from making legal mishaps in the first place.
Do I need to use this type of lawyer?
It may be recommended to use a commercial lawyer to jump over any legal hurdles you may experience. However, the decision is ultimately yours. Commercial law is constantly changing, and a knowledgeable legal professional can keep you up-to-date with the latest rules and regulations that your business must abide by.
For those times when you face a dispute, or even a lawsuit, a lawyer can help to resolve these cases even if it involved appearing in a court of law.
Here's some more information on where to find free commercial lawyer quotes and online legal resources:
- Lawpath. You can sign up to a monthly subscription service and receive fixed-price quotes from lawyers.
- LegalVision. Give the team at Legal Vision a call or use their online form to submit a request for a free quote.
- Sprintlaw. Book an over-the-phone appointment with Sprintlaw to receive advice and a fixed-fee quote.
- Oneflare. Collect and compare free quotes from lawyers in your area using this online marketplace.
- Upwork. Find commercial lawyers and frees quotes online using one of the most popular freelancing platforms out there.
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