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In: Finance

Part II. Legal Counsel During the past eight weeks, we have discussed and emphasized the importance...

Part II. Legal Counsel

During the past eight weeks, we have discussed and emphasized the importance of the Clean owners seeking business advice from TLG and the importance of Clean - and every business - seeking legal counsel from an attorney for various aspects of business operations.

In Part II, you are to reflect on your experience in consulting with the Clean owners, your research and analysis, and make the following recommendations.  

A. Evaluate and explain why you recommend that the Clean owners seek legal counsel with an attorney for any - or all - aspects of its business operations, i.e., contract writing, procedures to protect against negligence risks, recruitment policies, etc.

  • Explain and support the rationale for your recommendation specifically, in detail and comprehensively, using examples, personal experience(s), etc.
  • Consider specific areas of business operations for which it is particularly important to seek legal counsel

Note: There is no single correct answer; the detailed, specific rationale and support for your recommendation is most important.  

It is not necessary to cite resources in Part II for your personal opinion, but you must include a citation each time you do use information from a specific resource (i.e., from assigned course materials) to support your conclusions.

Minimum of 3 paragraphs

Format

Report

TO: Winnie James, Ralph Anders

FROM: (your name)

RE: Clean risks and liabilities

Part I. Risks and Liabilities

A. Business risk #1

(1)

(2)

(3)

A. Business risk #2

(1)

(2)

(3)

Solutions

Expert Solution

Consulting a good business attorney, is extremely crucial for every aspect of your business, could range from basic things like compliance to as serious matters as lawsuits and liabilities. Hence a good clean business owner will always want to stay on the right side of the law and inorder to do so, must seek legal counsel.

Legal counsel comes in very handy, for the following matters

1) Real Estate contracts: When you decide to lease a commercial space (office or a retail stores), the lease agreements are highly complex, and are usually made so as to benefit the landlord. They are usually long printed forms which you may think are non negotiable. But consulting your attorney, will not only help you get a better deal, but also might help you sniff out any unfair loopholes or liabilities which could tarnish your name in the future.

2) Negligence risk protection: A lawyer will improve your ability to understand different legal issues.For example, there was a problem with the roof, and you as an owner did not fix it on time, one day it fell on the head of an employee and he sued you for negligence. A lawyer would be able to spot these things before hand and protect you from such risk

3) Trademark infringement: You have come up with an awesome new product, and decided to name it "XYZ". Without much consideration, you start marketing your product as "XYZ" but get sued as you did not check for trademark infringement. A lawyer would help you see such risks before hand and help you

jeff jeffy answered 2 years ago
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