In any business, there should be legality when speaking about financial matters. Any kind of funding, capital, or any financial situation, all must be in a legal agreement. Whether you are a startup business or a small business, still, the legality of any agreement must be followed. For example, if your business has experienced financial problems, you must be looking for a commercial loan.
A commercial loan or any agreement that involves finances should be under a signed agreement between parties. It must be a signed agreement between the business and the lender or bank, with which possible dispute resolution legal services can support the agreement. It is why any business must have a business lawyer to work on legal issues within the company. Any concern regarding financials, the litigation lawyer will help you out from this burden.
What is the dispute resolution cover?
A dispute resolution covers different legal services, such as:
- Debt recovery
- Breach of contract
- Personal injuries and more
These are only a few of the legal services offered by the employment law firm hong kong.
What is debt recovery?
Debt recovery is a process wherein a loan continues to go unpaid. The creditor will hire a third party for the collection of payment. What makes it important in the business? The credit score of the business will be affected, which can have a big impact on the company.
The risk of having a bad credit score greatly impacted the image of the company. There will be no investor that would be interested in your company, which leads to a bad company image. With this situation, a legal service must be applied to help deal with this concern. Only a litigation lawyer can help you deal in terms of the legalities on how a company is saved with this “bad credit score” thing.
Negligence and personal injuries
Negligence has a difference between personal injuries. Negligence in a business will be covered for the protection of the employee. Any negligence done by the company is charged a penalty plus the healthcare benefits of the employees. An employee can claim compensation for the company’s negligence within the premises.
Claiming compensation of the employee must go through legal matters, which the litigation law firm can help your business. But, an employee can’t easily claim the compensation without a thorough investigation, whether it is covered under negligence or not. Any personal injury experienced by the employee within the work premises will be covered under the employment law.
All legal matters within the business are handled by professional litigation lawyers, as they are experienced and legal lawyers. Any concern, either the company or employee, these are covered under the employment law.