Transactional Lawyer

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They say you need three professionals in your life: a doctor, an accountant, and a lawyer. Just like doctors who specialize in a given field of medicine, lawyers are often experts of specific subject matters or industries. Among these highly specialized lawyers are transactional lawyers. What is a transactional lawyer and how do you know if you need one?

Transactional lawyers are fully registered lawyers that concentrate on providing legal services for the business sector. Focusing on business law, transactional lawyers are experts in the drafting, execution, and administration of valuable business documents such as real estate deeds, employment contracts, merger agreements, and documents for intellectual property and trademarks transfer. …show more content…

She must have an understanding of the commercial context in which the client moves, as well as the business' commercial goals. This ensures that any transaction follows the boundaries of the law and can stand from a commercial point-of-view.

For example, the client is an emerging singer who wishes to protect himself from getting his tracks shared in free music sites and streaming services. A transactional lawyer can review and negotiate the terms offered by the music site and see how this can be advantageous (or not) to the musician. She can then negotiate or set up a deal, brokering the relations between the singer and the web site.

Another example is a merger by two businesses. A transactional lawyer can assist in the drafting of contracts, agreements, articles and bylaws of this transaction so both parties benefit from the merger and avoid potential legal …show more content…

In the event that a client is sued or wishes to sue another party, then the transactional lawyer can also represent the business in the court of law. However, having a transactional lawyer means the likelihood of this happening is not very high, since the attorney would actively work outside the courtroom to make sure these types of conflict do not occur.

Does Your Business Need a Transactional Lawyer?

Businesses, both large and small- to medium-sized, need transactional lawyers who can provide support in all business transactions that involve revisions, acquisitions, and other amendments. A transactional lawyer can review everything before it is submitted to the other party and the local jurisdiction that will approve and enforce the transaction.

A transactional lawyer will make sure that the documents that were drafted by your company precisely and accurately communicate your goals and intentions. The wording of the document will meet the standards set by the law and will be acceptable to industry parlance. The transactional lawyer can be in-house, or she can be engaged on a project basis, such as those who are present during the planning stages of the

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