Hong Kong Commercial law advice|Fixed Fees|SimplifyLaw
A HK NewLaw practice, SimplifyLaw focuses on Hong Kong commercial law advice for the SMEs in Greater China region. Offering fixed fee. Using advanced Legal Tech|Lawyers work as intimate business partners with SME
Hong Kong Commercial Law Advice – Fixed Rate
Commercial law is one of the most important aspects of a business. Any business, however small or large it may be, certainly requires assistance from a law service firm. Still, many companies and firms ignore its need until the situation goes out of their hands, in which case, it becomes more difficult and costs much higher to come out of the problem. In a survey with commercial lawyers and attorneys, it was found that the money they charge for keeping their clients away from legal problems is a very small part of the money they will charge to solve a legal problem after it has occurred. So, it is obviously much wiser to hire a legal firm well before any real problem presents itself. An HK NewLaw practice, SimplifyLaw focuses on Hong Kong commercial law advice for the SMEs in Greater China region offering a fixed fee. Using advanced Legal Tech, Lawyers work as intimate business partners with SME.
In this article, I will be discussing the main reasons why commercial law is important for any business.
It helps you in resolving conflicts and disputes
In your business with customers or with other companies, a few conflicts are inevitable. There can be negotiations,mediations, arbitrations and litigations with the party you are dealing with. Suppose that some such dispute occurs, that leave you overwhelmed unless you have some knowledge of commercial law. A commercial lawyer will always remain by your side and it is highly possible that such a situation won’t arise at all. But without a legal assistance, you will remain helpless, which can bring a detrimental effect on your company’s success and reputation. So, a commercial service assistance will make things fair and transparent for you as well as for your customers.
Guides about the legal responsibilities of a business as well as a customer
If you are the owner of a business and are dealing with other parties or customers, then you are supposed to be aware of the obligations and legal responsibilities that are imposed upon you according to the rules and regulations of the country, in which the trade is being done. For example, your commercial law advisor will assist you in designing the terms and conditions in such a way that any customer can’t claim anything that goes against you. Without such predefined terms and conditions, any customer can easily file a suit against you in the court and you won’t be able to do anything to avoid it.
Aids you in understanding and managing your money transactions in a legally full proof way
In the course of your business, you will often need to make large money transactions with other businesses, your customers, and even banks. In such cases, there are some legal formalities that you must complete in order to be protected on papers. This will protect you from unnecessary issues or monetary losses.
Just like any other place, in Hong Kong also, commercial law advice is a must. In Hong-Kong, commercial law advice is offered by many legal firms, but you need to choose your commercial law advisor very carefully, who is well learned, as well as, is well-known in your field of business.