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By Doris RufOn Feb 22, 2018 Form Template

The legal industry has been slow to make itself more efficient by using technology, but this is changing. New tools help lawyers automate processes, conduct research and even do contract reviews. Lawyers also use technology to make it easier for you to find a quality lawyer within your budget, or to do some of the legwork yourself. Some websites help you find vetted lawyers who will undertake specific legal projects for a flat fee, which can include drawing up a contract or acting as general counsel for a certain number of hours per month. Other websites allow entrepreneurs to draft contracts that attorneys then review or to prepare and manage intellectual property. Still other websites provide diagnostic tools that identify gaps in legal coverage that open businesses to risk. Companies like Legal Hero provide businesses with a vetted network of quality lawyers who agree to work on projects for a flat fee. Sound impossible? Not really. Experienced lawyers know how long it takes to do various types of contracts and projects, said Annie Weber, co-founder and CEO of Legal Hero. Entrepreneurs and small business owners receive bids within hours for specialized projects. Or they can choose from typical legal projects for a flat fee. The company does intellectual property (IP) and immigration work on a national basis. For legal work governed by state law, Legal Hero currently operates in only four states Florida, Illinois, Massachusetts and New York.

If the transaction is for a large amount, the cost of an attorney to draft a document is relatively small compared to the cost of losing money in the transaction. However, if you have basic needs, such as requiring standard employment contracts, it obviously makes no sense to spend hundreds (possibly thousands) of dollars hiring an attorney to draft the contracts. If your business has legal needs, but you do not want to spend considerable money on attorney fees, sites like QuickBooks Documents may be your ideal solution, providing step-by-step guidance in customizing attorney-drafted documents and legal forms. This will ultimately save you significant capital that can be devoted to more pressing entrepreneurial needs, such as growing your consumer base and expanding your workforce. Every penny counts for startups and small businesses, but some companies try to save money by neglecting to draw up contracts or to seek legal advice. This is penny wise and pound foolish. In the long run, your attempt at savings can cost your company, both in the event of legal action down the road and in lost opportunities. While your frugal sensibilities may also be used to steer clear of uncharted waters to avoid risk, lawyers who have navigated these seas before can help you maneuver around legal pitfalls—and guide you to greater payoffs. This could include drafting your articles of incorporation, invoice terms or even how you budget. In todays market, finding and paying for legal advice has become much easier.

The standard form is immediately recognized by all parties in a transaction and the county clerks, said Daniel Price, president and CEO of OneTitle National Guaranty Company, who deals with real-estate transactions using powers of attorney frequently. If you presented them with anything other than the standard form there is no guarantee that the clerk would accept and record it. Laws and regulations are the bedrock of a peaceful and orderly society. No one can escape the legalities the world may offer. It is always a good practice that we comply with the legal documents in order to make our actions official and cognizable under the law. To escape from the technicalities of the legal world, we have for you here an array of legal document templates to provide with the necessary paperwork for compliance and legal purposes. Our templates are downloadable and easy to understand. They are well-researched and formatted according to certain laws. Feel free to check out our templates. When it comes to being an entrepreneur, there is simply no way around legal paperwork. After all, it constitutes the very framework of your business, minimizes risk and helps protect your interests. So how do you go about drafting and managing employment agreements, partnership agreements, employee handbooks and independent contractor agreements, just to name a few?

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