Times change, and it is important to adapt to the rhythm that these moments demand of us. Professionals must expand their knowledge to avoid falling into mediocrity.
There are many lawyers, but there are few who continue to broaden their knowledge and can practice, not only with regard to the legal framework, but also to International Business, and take part in the creation, administration and growth of new ventures.
Hiring a Business Lawyer
Experience
Not all lawyers prepare in the same way. Today we can see that they are prepared for different cases. There are those who are generalists, and those who are specialists in various branches.
In this report we will show the aspects and efficiency of those that specialize in international trade, and with their experience avoid future problems. Here are some aspects in which a business lawyer should demonstrate expertise:
- Business training
- Associations
- Laws
- Licenses
- Franchises
- Technologies
- International problems
Periodic Reports
It is important that the professional you choose helps you with doubts that may arise during the process of concretion of your business. A professional must keep you informed about the development of bilateral relations, in the legal and commercial framework.
Strengthening Relations
Bipartite relationships must be established by drawing up a contract, with clear and concise clauses, for the benefit of both parties. This step will avoid misunderstandings in the future and throughout the negotiation.
Bilateral Contracts
These differ according to each reform that is established in a country, region or union. A professional must be well advised on the flexibility of labor laws, your rights and obligations.
Preserve Customer Data
In the realization of an international operation, many personal and business data intersect. There must be absolute discretion in the use of this data, in order to avoid problems.
On-line Procedures
The Internet streamlines many issues, such as electronic signatures, electronic commerce, cookie policies, and protection of personal data. For all these new technologies it is necessary to be well advised regarding security, regulations and legal terms.
Personal and Family Heritage
An International Lawyer must be responsible to avoid a client having (to respond), in case of mismanagement (with their personal assets ), which commonly occurs in Public Limited Companies or Limited Liability Companies. Societies are made up of family groups.
The consequences of mismanagement or fraud can have an impact on social assets, on family consolidation, or on business administration. Its consequences can lead to the disabling of commercial operations.
Franchises
These are growing lately and there are more and more of them. There are always contracts between both parties that leave the rights and obligations well established. You have to get advice about areas of exclusivity of the franchise, its advertising, and technical or commercial assistance.
In any case, the management of the international lawyer intervenes during all processes and resolves conflicts and discrepancies between both parties.
International Lawyers
If in your future plans there is the possibility of expanding your business with an international projection, you are surely calculating how much time, effort, and money you are going to invest. Do not hesitate to include the hiring of an International Law Firm for your projects.
It is always better, more effective, and cheaper to prevent a problem than to face it.
To address the needs of our clients seeking legal advice, we have prepared a series of answers to frequently asked questions about your international expansion.
What conflict resolution methods do international lawyers offer?
International lawyers offer several methods for resolving conflicts, including:
- International Arbitration: A process in which the disputing parties agree to submit the conflict to an arbitrator or panel of arbitrators for a binding decision.
- International Mediation: A process in which a neutral mediator helps the parties negotiate and reach a mutual agreement.
- International Litigation: When the conflict cannot be resolved otherwise, it is taken to the courts in a specific jurisdiction.
- Direct Negotiation: The involved parties negotiate directly with the help of the lawyer to reach an agreed solution.
How does an international lawyer protect our trademarks and patents?
We protect your trademarks and patents through:
- International Registration: We assist in registering trademarks and patents in the countries where you seek protection, using international treaties such as the Madrid Protocol for trademarks and the Patent Cooperation Treaty (PCT).
- Monitoring and Enforcement: We monitor unauthorized use of your intellectual property rights and take legal action to defend your trademarks and patents against infringements.
- Contract Drafting: We draft licensing and protection agreements to ensure that intellectual property rights are respected in international commercial contracts.
What aspects are covered in an international due diligence?
An international due diligence covers:
- Legal Aspects: Review of contracts, pending litigation, and compliance with regulations in the country of operation.
- Financial Aspects: Evaluation of financial stability, assets, liabilities, and economic risks.
- Operational Aspects: Inspection of operational processes, organizational structure, and supply chain.
- Cultural and Commercial Aspects: Analysis of cultural and commercial risks that could affect the operation and success of the business in the new market.
How is a succession plan developed for international operations?
A succession plan for international operations is developed by identifying suitable successors for key roles and preparing for the transfer of ownership and management through legal documents such as wills and trusts. Strategies are implemented to ensure business continuity during the transition, and the plan is reviewed and updated periodically to adapt to changes in business structure and regulatory and market environments.
Can a lawyer provide ongoing legal training and updates?
Yes, international business lawyers can provide ongoing legal training and updates by participating in courses and seminars to stay current with changes in laws and practices. We can also provide periodic reports and newsletters on relevant legal developments and offer continuous advisory sessions to educate your team on new regulations and their impact on the business.