Business people pride themselves on knowing the complexities of their products and markets; they are fully aware of responsibilities to their shareholders to provide an acceptable return on their investment. With their focus on the business, it is easy to understand why these executives rely on business transactions lawyers in Chicago when they are negotiating the disposal or acquisition of another company or exploring the pros and cons of expanding into unchartered waters. Business transactions lawyers are there to provide their clients with advice on their legal rights and obligations as well as their responsibilities as a good corporate citizen.
When would a business transactions lawyer be called upon?
Many business transactions lawyers are engaged to counsel their corporate clients on various business decisions which can include the drafting of complex agreements, the review of agreements that have an impact on the activities of the business in question which can include M&A. These lawyers also work closely with clients on operational issues which can include the obligations and responsibilities of officers and directors. The list is endless, business transactions lawyers in Chicago are often brought in to advise on labor and employment issues.
Mergers, Acquisitions, and Divestitures:
One of the core responsibilities of the executives and board members of a publicly traded company is to ensure that the company continues to grow and prosper and as a result the shareholder’s benefit. One way of building any business is to add to the products that are being offered to the market or to find new markets for existing products; this is often done through mergers or outright acquisitions of other firms. The same holds true when it comes to divesting business units. If a business unit no longer fits with the corporate vision or is not performing up to expectations, it can be sold. Business transactions lawyers in Chicago are deeply involved, they assist their clients draft agreements, negotiate the sale or purchase of business entities and in the process, participate in due diligence checks and assist in structuring the deal.
If you are in business, you will know how complex certain aspects of it can be. Business transactions lawyers in Chicago can provide a host of professional services to their clients. You are invited to discuss your requirements with the Zimmerman Law Offices.