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Frequently Asked Questions

• What services do commercial solicitors provide?

  Commercial solicitors provide various legal services to address businesses’ needs at different stages of business from start up, through growth and into realisation of value through sale. We can draft and review contracts, provide legal advice on business transactions, handle commercial disputes, advise on corporate governance, assist with mergers and acquisitions, and provide regulatory compliance guidance and support  A big area is helping directors and owners understand the ever increasing demands on and risk to business and how they can avoid potential pitfalls or litigation and align what they hope to achieve through proper corporate governance, clear contracts and an understanding of the legal framework in which they operate.

• How can a commercial solicitor assist with business contracts and agreements?

  They ensure the terms are transparent, fair, and legally enforceable, protecting the business interests and supporting the goals and ambitions of the business. They also advise on potential legal risks and liabilities, suggest mitigation strategies and align the approach to your business plans and strategies.

• When should a business consider hiring a commercial solicitor?

  Earlier than you may think.  Having an experienced solicitor assist at an earlier stage can avoid problems later. The more a solicitor knows about you and your business the more they can contribute to achieving your goals.  This could be at the start of a business to ensure legal compliance or to ensure ownership of the business is clear or to make sure business agreements or structure provide for unexpected life events of co-owners or disagreement, when you are planning to position grow the business through a merger or acquisition, when entering into significant contracts or agreements, when facing a commercial dispute or legal action or when looking to sell the business.

• What factors should I consider when choosing a commercial solicitor?

  When selecting a commercial solicitor, consider their experience and expertise in the specific area of law relevant to your business. Also, consider their reputation, approach to client service, and fee structure. An initial consultation can be beneficial to determine if they are a good fit for your business.  You should feel entirely comfortable and confident in the ability of the solicitor to meet your needs for you and your business.

• What is the typical fee structure for a commercial solicitor?

  The fee structure for a commercial solicitor can vary significantly. Some solicitors charge an hourly rate, while others may offer a flat fee for specific services or a combination of different choices according to the nature of the support or assistance required. In some cases, they may be willing to agree a monthly retainer for ongoing services such as company secretarial, commercial or employment support. Discussing fees upfront is essential to ensure you understand the cost and can budget accordingly.