From independent entrepreneurs to Fortune 500 CEOs, every business person must consider the legal consequences of each and every action and decision. Without considering the legal implications of your operations, you put the business at risk of being unsustainable or unethical.

The enforceability of contracts is the cornerstones of economic development and healthy capitalism. Without enforceable contracts, buyers and sellers would be unable to transact without mutually agreed upon terms and the assurance that consequences will be applied if either party fails to fulfill said agreements. Therefore, the legal system of a country has a profound effect on how easily people can conduct business. The United States has laws and regulations in place to ensure that businesses transact ethically for the sake of everyone involved. These laws and regulations must be strictly adhered to.

What is business law?

Business laws such as labor laws and consumer protection laws safeguard the rights of the corporation’s owners, shareholders, employees, partners, suppliers, customers, and more. These require that all of the relevant parties of an enterprise act in accordance with the law

Labor laws govern and define what is acceptable and what is unacceptable in a place of work. This provides a degree of stability and order to the daily operations of an enterprise. 

Business law also extends beyond the internal functions of the business. Consumer laws govern how the business must treat external parties, including customers. If these laws are violated, the company can be sued for malpractice, fraud, or discrimination

Business owners and managers must ensure that every aspect of their operations is law-abiding. Furthermore, owners and managers have a fiduciary duty to protect the enterprises from losses, including losses incurred via a breach of contract. However, it can be very difficult to have a complete understanding of every detail of business law. These areas are where a business lawyer can help.

How businesses can benefit from hiring a business lawyer

With regulations and laws changing regularly, compliance can be difficult to ascertain without a lawyer. Business lawyers help business owners handle different kinds of legal concerns or lawsuits that can affect their operations. They provide expert representation and guidance in the case of disputes or litigation, or they provide counsel so as to help prevent the company from committing legal violations in the first place.

Further, these lawyers help negotiate legally binding agreements like leases and partnerships agreements. If you have experienced a breach of contract, a business lawyer will fight for the remedies you deserve while negating the complex legal system from beginning to end. They will advise you on the various options and the best course of action to reach a settlement. 

Outside counsel is often the best choice for local or small to medium businesses, saving the expense of having a full-time, in-house attorney on staff. 

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If your business is seeking outside legal counsel, you can give Burris Law a call today.

Burris Law
488 S Glassell St, Orange, CA 92866, United States