4 Key Duties Of Corporate Lawyers

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4 Key Duties Of Corporate Lawyers
4 Key Duties Of Corporate Lawyers

Even though the corporate lawyers and the litigators work
with corporations, there are different ways of accomplishing the job. Not many
people understand the exact role of the corporate lawyers. They are the ones
offering advice to the businesses on their legal obligations, responsibilities
and the rights. Apart from this, they are also known to provide recommendations
on the way of evaluating ventures and the business structures. To serve the
needs of the clients better especially the sophisticated requirements, these
legal advisors must also coordinate with the transactional lawyers in different
segments such as real estate or tax.

Brief Summary Of The Role:

The top corporate law firms in India ensure that the
provisions in the agreement are clear and do not contain any disputes to create
problems for the clients in future. They are also responsible for offering
advice related to the duties and the responsibilities of the corporate
officers, the insiders and the directors. However, the firms may have different
practice groups for mergers and acquisitions while the rest may include them
within the corporate department.

Formation Of A Corporate Entity:

You can hire some of the best corporate law firms in India
for the creation, organization, and the dissolution of the corporate entity.
When it comes to the formation of a corporation, the attorneys are known to
draft the incorporation articles for documenting the creation of the company
and also for the management of internal affairs. They also deal with the business
entities during the formation of partnerships, limited liability partnerships
and trusts, and the limited liability companies with each one having separate
rights and responsibilities, tax burden, and organization structure. Attorneys
also assist their companies during the formation of the company and might also
be called for legal advice associated with startups, business management such
as reviewing and researching the lease for any equipment or office space,
preparation of non-compete and non-disclosure agreements, and drafting the
employee contracts. They might also research different aspects of environmental
and employment law or may even consult with the other attorneys specializing in
this field. Apart from this, the business executives also consider the advice
of these attorneys regarding the rights and the responsibilities of the
officers and the corporate directors.

Role In Mergers And Acquisitions:

For evaluating the proposed joint venture in this country,
companies appoint a legal firm in India to review the primary assets and
responsibilities such as the employee agreements, financial statements,
intellectual property and the real estate holdings, or any other litigation
issues that are existing or pending. After the completion of this procedure
also known as due diligence, the lawyers assess the situation properly to raise
the concerns with the clients. When it comes to deciding about the current
employees of the target company or assessing the stock options of the directors
of the company, the attorneys consult with their clients to find out the party
responsible for accepting the present and the potential liabilities.

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Venture Capital Practice:

In a venture capital practice, a corporate attorney works on
public and private financing, meaning that they can help new business entities
get money for the ventures, organize the operations, and maintain their legal
and business structure after the formation. Similar to dealing with the
positioning of the corporate law in the emerging companies, the attorneys help
in expanding the business in venture capital. Apart from this, they have to
execute their general duties such as drafting the incorporation articles and
documents, financing, technology licensing along with mergers and acquisitions.

Specialization In Project Finance

For the development and construction of oil refineries,
pipelines, power plants, telecommunication networks, the transportation systems
and similar facilities, the cooperation of different lawyers is required. The
corporate attorneys specializing in project finance create the project entity,
partnership, corporation, and other legal entities that are going to exist
through the term of the project. These lawyers are also known to draft the
purchase agreements, negotiate the financial terms, and prepare the
construction contracts.

1 COMMENT

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