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The most valuable weapon of smaller and mid-sized companies is their ability to see and foresee future risks in their business activities.
Some companies may have a proper business and financial plan, all required know-how or even excellent educated employees. However, their ability to see and foresee future risks in their business activities may be limited. As a fact, difficulties and obstacles in their business activities may occur unexpectedly at the time of economic or pandemic crisis, insolvency of their partners, disagreements between founders, employee strikes, or due to the strengthening competition on the relevant market. Solutions to such difficulties and obstacles usually end up with a long-term litigation or bankruptcy.
In Wise Advice, we believe that risks of difficulties and obstacles resulted in the long-term litigation or bankruptcy can be successfully avoided to the extent possible, if Legal Audit is conducted properly. Proper Legal Audit is a very strong weapon enabling us to evaluate and analyse future risks of our clients threatening to their business activities.
Our Company’s Legal Audit service covers, evaluation of
- Client´s organizational structure
- Contracts, service contracts, vendor and sales documentation
- Real estate property, contracts and equipment leases
- Human resource policies, employee handbooks, application and employment contracts
- Shareholder agreements or joint-venture agreements
- Licensing agreements and agreements relating to the Intellectual Property Rights
- Non-disclosure or non-compete agreements
- Compliance with industry specific regulations
Final outcome of the Legal Audit is a Legal Report determining a list of findings and recommendations on measures for the improvement. Such findings and recommendations give our clients the ability to identify all existing or potential risks in their business activities Once clients implement all recommended measures arising from the Legal Audit, risks that may result in business litigation, bankruptcy or other difficulties and obstacles shall be successfully limited to the maximum available degree. Thus, in case of economic or pandemic crisis, insolvency of their partners, disagreements between founders or employee strikes, the position of our clients remain positively strong.