For small and medium size enterprises, a good rule of thumb may be that they should involve legal help whenever they are uncertain of their rights or responsibilities relative to a particular transaction, or they are concerned that the party on the other side may not be on the same page. The idea of a contract is to bring the parties to a meeting of the minds, so that they both understand the nature of their rights and responsibilities. Also, a business should keep in mind that if there is any problem regarding a contract or transaction, ultimately somebody (a judge or other fact finder) will need to review the documents and try to determine their meaning. If the documents are susceptible to more than one meaning, this can lead to problems.
Obtaining competent legal advice may be one of the best investments you can make in your own business. Due to budgetary factors that affect small and medium sized enterprises, the business should not waste time, money, or other resources on unnecessary advice. Ultimately, it is up to business management to determine when legal help should be brought in, and the extent of resources to be applied toward tha
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