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Hire a Corporate or Commercial Lawyer to deal with the issues related to the Company's intellectual property. A lawyer ensures the protection of the Company's properties containing intellectual assets like patents, copyrights, and trademarks. Corporate lawyers are responsible for managing the private equity of the firm.
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With the rising growth of the Indian economy, the scope of the corporate legal sector is snowballing and has started outsourcing the legal service sector in India. Pros of being a corporate lawyer: No need to establish yourself – You are no longer required to set up your own business or establish yourself in a corporate setup. You will get paid a specific and stable amount of salary every month. High paying job – You might find it surprising, but the corporate lawyers are the highest-paid employees of the Company. What does a corporate lawyer do? Law students have the following career options available in the corporate sector that they can opt for depending on their skills and capabilities: • Legal officer/manager • Legal advisor • Legal associate
A corporate lawyer mainly takes care of the corporation's work per the supervising authority's rules and regulations. They are expected to advise and take necessary action on the legal issue within his authority. A corporate company has only a few options to tackle all the legal matters of the Company: First, hiring different in-house counsels with specialization in various legal departments or, Second, hiring a law company in case of need for legal guidance for a specific issue. The third option is also available, where a counsel is authorized to hire a law firm for a specific issue. For instance, Company gives the responsibility to in-house counsel to engage with the Best Corporate Law Firm in India, which they find suitable for the task and solves the issue accordingly. Below are the few tasks that a corporate lawyer performs: • Handle Taxations Tax lawyer plays a vital role in a business. They guide businesses to operate under applicable laws by filing tax returns. Their job role primarily includes giving suggestions on all tax-related affairs of the Company and ensuring the legality of the Company's commercial activities. Plus, their duty also includes suggesting valid deductions, exemptions, and credit to relax the tax burden by saving funds.
Look after Intellectual properties. Taking care of intellectual property means protecting your idea, business strategy or trade secrets from being copied. It includes copyrights, patents and trademarks. • Trademarks- basically include logos, brands, phrases etc. • Copyrights- protecting the artistic creation like photographs, designs, write-ups, etc. • Patents- It includes the invention or an essential feature of a product or process of manufacturing a product that is not obvious. A company hires a Corporate or Commercial Lawyer to deal with the issues related to the Company's intellectual property. A lawyer ensures the protection of the Company's properties containing intellectual assets like patents, copyrights, and trademarks. • Conclusion Hope you have now a better understanding of what a Corporate and Commercial Lawyer does. I believe anybody running a business should hire a corporate lawyer not to deal only with legal affairs but to operate the business better. Shepherd Law firm does not offer the Best Lawyers in Delhi but all over India. With expertise in various industries, they become the best choice for all sorts of business.
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