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The need for every business to have a lawyer cannot be over emphasized. Whether a business is acquiring properties, going into contract/ agreements, need to comply with regulatory requirements or litigate a matter, a lawyer is definetly needed. This is because the knowlege of a lawyer is needed in virtually all facets of human endeavours.
This article briefly highlights some key areas every business need a lawyer and they are as follows:
1. Drafting and Review of Agreements- Irrespective of its size, businesses go into different kinds of agreements in the course of its business operations. Such agreements could be for supplies, purchase of goods, sales and distribution, rendering of services, endorsement deals etc. Irrespective of its business operations, there are several agreements/ contracts businesses get involved in. These agreements need to be drafted by or reviewed by a lawyer. This is necessary because a lawyer knows the legal implications and the loopholes in such agreement, and the impact of existing laws on them.
2. Employment Relations- Closely related to the above is the issue of employment of staff. It is common knowlege that the National Industrial Court of Nigeria was established to handle employment disputes. This is a pointer that every business looking to engage staff either on a contract, temporary or permanent basis need the services of a lawyer to handle employer/employee relationships from the point of engagement of a staff to termination as lawyers understand the existing labour laws and their applicability in any given circumstance.
3. Litigation Suits: Litigation can arise at any time. Any business/ business owner can sue and be sued at any time in its operations. Litigation can arise from breach of contract/ agreement, labour relations, infringement of rights, fraud etc. With the help of a lawyer, litigable disputes can be resolved amicably and where amicable resolution fails, a lawyer is needed to handle such litigation in Court.
4. Legal Protection- Whether a business need to protect its trademark, busines name or physical properties, a lawyer is needed. Having a lawyer is more or less like having a legal covering. In the purchase or disposal of landed properties, a lawyer is needed to do the necessary searches, prepare legal documents and follow through with all the necessary procedures required. To comply with necessary regulatory procedures, a lawyer is also needed to advise and help with the procedures.