As a business owner, you need to ensure that your business objectives are achieved. Part of this process is to ensure that you are compliant to the relevant laws and that you minimise your business legal risks. This means you need a legal advisor known as a corporate lawyer to be with you every step of the way.
These are the reasons why you need a corporate lawyer
Unexpected legal actions taken against your business can cost delay and delay costs money which may in turn hurt your bottom line.
Avoiding your business from being fine by authorities.
Limiting the amount of damages that you may need to pay to party that sues you.
Managing and ensuring the expectation between your business partner are clear.
Ensuring that your business does not conduct any a criminal offence could land you in jail.
Protect your business interest whenever another party did not keep their part of the bargain such as paying due invoices
Deterring or stopping parties from infringing your intellectual property.
Renegotiate terms in an agreement due to unforeseen circumstances that may have affected your business fulfilling its obligation.
What are the legal service that a corporate lawyer can do for your business
Whether advising, preparing documents, negotiating or fighting for you in court, a business legal advisor is a crucial component for any business in Malaysia to ensure the smooth running of your business.
As a corporate lawyer in Malaysia there are three main services that a corporate lawyer can assist you which are;
(1) Corporate governance and corporate transactions service:-
Legal compliance advisory accordance to the corporate law relevant to your business setup including the necessary documentation transactions preparation. This can be in compliance to the Companies Act 2016, Partnership Act 1961 , Limited Liability Partnership Act 2012, Registration of Businesses Act 1956, Co-operative Societies Act 1993 and others applicable laws.
(2) Commercial transactions;-
A corporate lawyer can prepare transactional documents for your business transaction where the terms of agreement between parties are agreed and concluded in a legal valid agreement form and in compliance with the market that your business are operating in.
(3) Corporate and commercial litigation action:-
A corporate lawyer can assist in representing businesses in the court of law whether to obtain a court judgment for your interest or defending your business from legal claims instituted in court.
Preparation of relevant business documents and agreements by corporate lawyers
Not only that it is crucial that the right documents are prepared, the correct procedures and registration of applicable documents must be done accordingly too. However this is pretty much as accordance to the lifecycle stage of the business.
Here are among the agreements that are usually used by a business and prepared by a corporate lawyer;
Agreement to setting up a business entity
Incorporation documentation
License
Shareholders agreement
Partnership agreement
Personal data compliance
Consultant agreement
Agreement to raising capital and cash
Loan and financing agreement
Investment
Shareholders capital
Shareholders loan
Agreement to setting up office and operation centre
Tenancy
Sale and purchase
Construction agreement
Agreement to setting up production centre
Purchase machinery
Lease machinery & equipment
Warehouse tenancy
Construction agreement
Indemnity agreement
Packaging & branding agreement
Production agreement
Off-take agreement
Agreement to hiring employees
Employment contract
Director’s contract
Service agreement
Non disclosure agreement
Data Processing Agreement
Employee handbook
Agreement to developing product and service
Trademark registration
Patent registration
Memorandum of agreement
Consultant agreement
Agreement to partnering with suppliers
Supply agreement / Bill of sale
Service agreement
Master service agreement
Service level agreement
Independent contractor agreement
Freelance agreement
Licensing agreement
Agreement to getting into a strategic business arrangement
Joint venture agreement
Memorandum of agreement
Agreement to manage marketing efforts with third party service providers
Affiliate agreement
Agent agreement
Marketing agreement
Digital marketing agreement
Influencer agreement
Memorandum of agreement
Website Terms and Service
Agreement to sell products and services
Distribution agreement
License agreement
Sales agreement
Service agreement
Off-take agreement
Fee quote
Letter of intent
Warranty
Guarantee
Order form
Request for proposal
Personal Data Notice
Agreement for business expansion arrangement and growth
Merger
Acquisition
Licensing agreement
Franchise agreement
Joint venture
Exiting a business
Share sale agreement
Asset sale and purchase agreement
Novation agreement
I have also written on how to hire lawyers and solicitors. You can read the post here.
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