Catering to a variety of clients, commercial and corporate legal services are two branches of business law that apply primarily to business owners and entrepreneurs, corporations, sole traders, partnerships, investors, venture capitalists, commercial lenders and financial institutions. Commercial and corporate law provide a framework for the effective navigation of the business world, promoting legal compliance at both the corporate and market levels.
Commercial and corporate law are relevant throughout the lifecycle of a business, from commencement and expansion to planning succession or exit agreements. During this time, a business may also seek legal advice around contract negotiation, regulatory compliance, intellectual property protection and dispute resolution. For this reason, your chosen corporate and/or commercial law firm will likely build and maintain an ongoing partnership with your business.
Non-compliance with commercial or corporate legal requirements can lead to significant risks for a business entity, including financial penalties, legal sanctions, and reputational damage. It can also result in the invalidation of contracts, loss of legal protections, decreased investor confidence, loss of business opportunities, and even the dissolution of the business itself. That is why it is essential for businesses to seek relevant commercial or corporate legal advice to ensure they understand and fulfil their legal obligations.
Do you have a question or require legal advice from a corporate or commercial lawyer? Contact Murfett Legal today, we will be happy to assist you.