Modern technology means that the world of business is becoming increasingly connected. Modern day business practices and increasing globalisation mean that international deals are no longer reserved for major corporations. Now, it is not uncommon for small- and medium-sized businesses to carry out international transactions as part of their day-to-day operations. However, when dealing with foreign businesses, it is important that you take legal advice. Below is a guide to 3 things you should look for when searching for a law firm to represent your business.
If you need to do business in a country that doesn't have English as its mother tongue, it is important that you find a law firm that has staff who are bilingual. While it is possible to hire a translator who will be able to help you understand contracts and other documents, this person will not have the legal background to understand exactly what each word means. Legal documents need to be drafted using very precise language in order to be valid. Hiring a lawyer who is bilingual gives you peace of mind that any documents you translate into English will be legally sound.
Offices in the country in which the transaction takes place
When carrying out an international business transaction, it is important that your law firm has offices based in the country you wish to do business with. Doing so will allow for the easy transmission of information and documents across international borders and will also make it easier for your legal team to submit any relevant petitions to local courts or government offices.
Being in different time zones can have a significant impact on your ability to conduct successful international business transactions. For example, if your company is based in Perth, Australia and you are doing business with a company in Mexico City, you will have to deal with a 14-hour time difference. Law firms that specialise in international trade will often have enough staff to offer a 24-hour service and will be open on national holidays, which means your trading partners will always be able to complete transactions during their working day.
Commercial law of any type is serious business. If you would like to find out more about the benefits of instructing a lawyer who specialises in business law, you should contact a law firm today. The staff will be happy to discuss your requirements before offering further information and advice.Share