The great thing about in-house counsels are that their duties can be pretty well molded to whatever the company’s need may be.
Their duties can range from typical legal services such as:
- Negotiating and drafting contracts
- Offer guidance on intellectual property
- Advise on a variety of compliance issues
However, the company itself will greatly determine what type of legal services are needed on a day-to-day basis.
The general idea of an in-house counsel is to provide on-going assistance while keeping the bigger picture of the company’s culture and goals in mind.
It’s not the same as hiring a law firm because in-house counsel actually becomes a team member of sorts that works closely with other members to offer legal protection and also collaborative efforts to ensure the company is operating at its fullest potential.
While in-house counsel is intended to take care of the majority of legal issues that may arise, they are also there to ensure that a specialized attorney is contacted in the event that a situation becomes too complext for in-house counsel to handle on their own.
The decision of in-house counsel is a hefty one. This is the person(s) that you will work closely with to ensure that you’re company is following the law and maintaining that competitive advantage that keeps the business in the game.
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