Commercial law or business law is the body of law that regulates the conduct of the businesses. The knowledge of business law is important as it helps the managers in realizing the rules and regulations in the business that they must follow in order to run a genuine business. It is essential for entrepreneurs and managers to be knowledgeable about the business law if they want to run a successful firm since they would know how to manage the things without being contrary to law. Because of this, an aid from corporate litigation lawyer is advisable to be obtained.
- Employment Law
- Property law
- Mergers and acquisitions
- New business set up
- Business contracts
- Export and import merchandise
Formation of Business
At the very first step of starting a business, the business law already exists. This is because the legal paperwork needs to be done for them to formally exist as a legal entity.
There are various kinds of industries that are allowed in different authorities. Each free zone or mainland also has their own requirements that investors need to form a company. You then need someone who can advise you which location you should deal with and what paperwork you need to prepare.
Naturally, when businessmen get their license, they will start operating. Employees will then need to be hired to ensure smoother and proper way of doing things. Business owners should obtain legal advice on the measures on how to hire and fire an employee because the UAE Labour Law has certain stipulations that are expected to be followed by both parties.
The business owners should be aware of the proper way to compensate employees. It should also be anticipated that disputes can arise in the future, and they should know the best ways to handle them.
Drafting of Contracts and Negotiating
There are a lot of contracts that are related to running a business. This can go from an agreement between a company and a supplier, a lease agreement, etc. The laws can apply in these kinds of cases can be common laws or the laws of the UAE itself if there are any. This is why a lawyer needs to look into your contracts or what you need to agree with someone in order to advise you.
Lawyers will not simply help you draft but also ensure that they will work in your best interest by negotiating expertly on your behalf or alongside you.
Trademarks, brand names, original products, etc. are some examples of intellectual property rights that need to be legally protected for you not to be robbed by others when they use it without consent. When you have legal and exclusive rights to these things, you will be sure that you can use it without running into issues, and knowing that if ever you do, you will be protected by your rights.
You need to have knowledge of how you can have intellectual property rights and how it works for you to be able to run your business efficiently. You can ensure that you are profiting commercially when you know the proper way of doing so and have the rights to do so.
Since the UAE has implemented the excise tax and value-added tax (VAT), there has been a shift in the industry as this has never been dealt with before by most people. It is important to be legally compliant with the tax law in the UAE as the repercussions are quite huge to face. Therefore, it’s essential that you are aware of what you need to do to be legally in compliant with the laws.
Top Legal Consulting Firms
HHS Lawyers & Legal consultant is a team of committed business lawyers and corporate lawyers or corporate attorneys who are more than willing to provide clients with an excellent and professional service. We are an innovative and dynamic organization with a wide international network that allows us to provide a full range of business administration consulting quality services to our clients. We are also flexible in order to deliver customized solutions as per the requirements of your business. Our team of business law consultants has both strategic and detailed understanding and business acumen in various sectors in order to give advice to our clients regarding their own markets, potential opportunities, and challenges.
If you are looking for a local business lawyer to help you out with any business law matters, our practices include but not limited to the following:
- Consumer protection and competition
- Commercial agencies-franchise and distribution agencies
- Joint venture
- Advising on local anti-bribery and corruption legislation
- Drafting all kind of commercial agreements