A company should consider legal advice when a decision can create significant legal, financial, ownership, employment, regulatory or contractual consequences. Legal consultancy is not limited to court cases; much of its value lies in preventing disputes before they arise.
Common situations
- drafting or negotiating major contracts
- adding investors or transferring shares
- entering a joint venture
- borrowing or giving security
- responding to a legal notice
- dealing with regulators
- restructuring ownership or management
- buying or selling a business
- dealing with shareholder or director conflicts
- preparing for litigation or arbitration
Under Nepal law, agreements can create binding legal obligations, and company officers acting with authority can bind the company.