Every business faces a broad array of legal issues. These include matters related to business structure, employment, intellectual property, contracts, buying, selling, leasing, strategic business transactions, preventing or resolving disputes, and compliance with numerous federal and state laws. For family owned businesses, family and probate law are likewise important considerations.
Doing business with the federal government directly or as a subcontractor can be rewarding but has unique challenges and complications. The legal and regulatory hurdles encountered in government contracting requires that a company doing business in this market be well informed.
Businesses don’t just sell products; they develop know-how and key technologies, processes and practices that are invaluable and give them a distinct advantage as compared to their competitors. Often, it is the intellectual property of a company that is their greatest asset.
Businesses often work with other companies in providing products and services. Sometimes disagreements arise that can be costly and damaging in terms of time, money, and relationships. Never a good situation for any business.