Myth Buster- Corporate Law only about Drafting Agreements
The general perception of corporate law is that it involves drafting various legal agreements such as joint venture agreements, shareholders agreements, licensing agreements and government contracts. Since this work depicts a major portion of the practice of corporate law, it leads one to think that this is what corporate lawyers must be doing. This assertion is partly correct and partly incorrect. It is true that drafting agreements is part of corporate law, however it is not just restricted to it. It is an entire field of law that governs corporations and ensures that they run their business smoothly. This article highlights other aspects that come under corporate law and puts forward the case that the work of a corporate lawyer goes beyond merely drafting agreements. CORPORATE LAW- AN OVERVIEW In a general sense, corporate law governs the working of corporations and their businesses. Corporate lawyers deal in a host of areas such as setting up a corporation, organizing its structure, ensuring compliance with relevant laws and regulations, raising capital, restructuring liabilities and protecting intellectual property. In addition to this, they also advise their clients about their business operations and corporate governance practices. Different practice areas that fall under corporate law include:
- Mergers and Acquisitions (M&A)
- Private Equity (PE)
- Capital Markets
- Banking and Finance.
- Rendering advice to new and running businesses.
- Negotiations in a contract.
- Drafting documents on behalf of the company