What Are My Options As a Commercial Lawyer?

Commercial law functions across a broad spectrum of business and commercial transactions including finance, accounting, management and trade. Often referred to as business law, it is one of the most widely practiced legal areas. Regularly overlapping with other areas of law and engaging many different types of clients, commercial law can offer lawyers a diverse and varied portfolio of work.

Not all roles, however, are the same. When it comes to legal recruitment in corporate law, consider all the options available to you.

In-house role. Because the focus of it is business, it is an area of legal practice that presents many opportunities for in-house positions. Many businesses employ in-house legal teams or lawyers to deal with their legal issues. In-house legal roles in this area are good positions for lawyers interested in the business world.

Law firms. Most large law firms offer expertise in commercial contract law, and most will working for these larger firms will be involved in some aspect of contract law. If you’d like to be involved in the nitty gritty of business law and interacting with those involved, smaller or boutique commercial law firms will offer more frontline opportunities. When it comes to commercial law, the age-old dictum proves true for many – bigger is not necessarily better!

International work. In today’s global world, business often crosses national boundaries. Many commercial lawyers, therefore, will be involved in international business, trade or finance dealings. Commercial law therefore offers the opportunity for lawyers to travel for work. Those looking to relocate overseas, however, will find it harder to find positions where local industry knowledge is often coveted and essential to business dealings.

If you’re interested in commercial law jobs, there are a number of different career prospects and opportunities available to you. Deciding which area and arena of commercial law you would like to work in will help you narrow down your job prospects and choose a role that suits your career objectives.

Telford Commercial Property Lawyer Warns Businesses To Check The Small Print Of Leases

A UK Commercial Property Lawyer warns tenants to seek professional advice before they enter into any rental agreement. Many landlords believe a commercial lease gives them the right to do anything they like.

“The drafting of the lease is the critical part of the deal and it’s crucial that tenants proceed with care. Some landlords run up costly maintenance work bills, assuming that their tenants will not have checked the details of their lease, and so will just automatically pay up. But tenants should take care to check the small print of their lease, because although the service charge clause may seem complicated, generally if it doesn’t allow for something to be done, it can’t be done.”

“Your professional adviser should also be able to help ensure your lease does not include catch-all clauses that will cover the landlord, and that it limits the amount that can be paid to any management company to an agreed percentage.”

The landlord can only recover the cost of the services which is set out in the lease, and even then, only if the right procedure has been followed.

“The courts are more frequently taking a closer look at service charge issues relating to business leases – looking at the work the landlord has carried out, what the costs were, and whether the work was necessary from the tenant’s point of view.”

“If you think the price of carrying out the work seems high, ask your landlord for detailed plans and, if your lease gives you the right, a breakdown of the costs.”

Whether the costs are reasonable depend on the length and terms of your lease, and whether the landlord has considered all possible methods of repair, rather than just replacing everything.

“Tenants are no longer expected to pay for major refurbishment which they’ll see little or no benefit from in the lifetime of their lease, so if you’ve only got a short time left, consider whether your landlord’s request is appropriate. But you must not ignore the service charge issue and hope it will just go away – ask your landlord for full details, and if it gets very technical, instruct a surveyor to act on your behalf. And if you’re going to dispute the service charge, put your concerns in writing. This may help at a later date if you need to apply for compensation.”

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Get a Commercial Real Estate Lawyer to Handle All Your Transactions

Lawyers usually play a very important role in broking real estate deals. By employing the services of a lawyer in your transactions, you will realize that your clients trust you more. Furthermore you will save time by letting your lawyer to handle all the transactions on your behalf. In addition to these, a commercial real estate attorney will come in handy in various stages of transactions and exchange of property to representing you on litigation matters. Therefore, regardless of your level of capitalization, whether you are a small time or big business owner; commercial property lawyers are there to take care of all players in the industry. You can always count on commercial lawyer for professional, knowledgeable and responsive services. Such lawyers cover extensively matters involving both huge sums of money as well as small investments.

Parties that can seek services of real estate lawyers

The industry is detailed and complex by virtue of the items being traded as well as different people and professionals that are involved. As a result anyone that operates in this industry that is not necessarily a buyer or seller of property can actually seek legal solutions from the estate lawyers. Such people include: Contractors, Tenants, ordinary citizens, Foremen, engineers and all players that are involved in one way or the other in building and construction have the access of commercial real estate lawyer. A lawyer will be helpful in cases where there is:

Breach of contract.

Work delay and or termination.

Injury to workers.

Issues of non-payment and collections.

Poor workmanship.

Use of poor quality materials.

Family estates and inheritance

Estate lawyers can also be very good advisors on real estate transactions and step in to resolve disputes arising from inheritance and property rights. Disagreements about property and inheritance are matters are always common. To prevent disputes that emanate from inheritance matters; the services of a commercial attorney will be very vital. Under this category, the lawyers can offer myriad services concerning family and personal property. First of all they can help in drafting wills. Estate lawyers can help you in drafting wills that determine the beneficiaries of your inheritance. This will be done with great considerations of the existing laws of inheritance as well as the desires of the property owner. Furthermore, the lawyers and their law firms can also act as custodians of such property in case of the demise of the proprietor and beneficiaries haven’t attained the age of property ownership. You can also handover the management of your property to commercial real estate lawyer so he or she operates under your instructions.

Important advice

When dealing with commercial real estate lawyers, it is always good to know the charges in advance before you commence any dealings. The firms that charge a flat fee are better than those that charge hourly. Furthermore a flat rate fees enables you to budget so that your problems solves.