Every organization, to fulfil its objectives needs to interact with its eco-system. Being a commercial entity, it has to execute various documents with its channel partners, vendors, clients etc in order to have a commercial understanding which will be binding on parties till the transaction ends or terminated. Executing document looks simple at first instances; however imagine a situation where there are hundreds of documents executed by the organization and every documents having different terms and conditions needs to be reviewed. This will become a mammoth task. Therefore it is advisable to standardize the regularly used documents from experienced professionals. This will not only standardize the documentation but also rights and obligations of the parties.
One of the key aspect of business is to take the right decisions at right time. However every decision has its own inherent benefits as well as consequences. Sometimes the organization is aware of it but sometimes it is like throwing the dart into dark. The decisions which was looking prudent at the time of taking it may become eventually devastating. It is always good to have an experience legal professionals at your back because decisions are irreversible in nature.
The organization when binding itself in a contractual obligations, it required to execute an agreement. This result into finality of the transactions between the parties. The Organization if choses to enter into loosely drafted agreements may get into trouble. Therefore whether the agreement is standardized or customized draft, it has to be drafted to protect the interest of fullest. The drafting sometimes looks trivial at first glance but even a simple agreements requires a lot of detailing by an expert. Once the agreement is drafted, negotiation of its terms require even more skills.
Due diligence is not just a word, it is a requirement of law. To become a bonafide party, the organization should have done due diligence about the subject matter of the transaction. The whole transaction will be in deep water in the subject matter of the transaction per se faulty. Therefore an expert opinion should always be there before entering into any transactions.
Litigation support is a war fought in the court rooms but its preparations shall be done at office. Many organizations losses cases due to non-submission or wrong submission of the documents or the advocates are wrongly instructed about the cases. The more timely advocate receive instructions and documents, there is more chances of winning the battle ground. It is always advisable to have a corporate consultants, who can act as in-house professional for the Organization.