Why Should Enterprises Use Retainer For Legal Services

Ms. Tham Tran (Arya), managing lawyer of TTVN Legal, she has been working with number of businesses in Vietnam over the years during her legal practice,  with a personal perspective, she has concluded that most small and medium-sized businesses in Vietnam are not in the habit of using retainer for legal services. The lack of an overview for this type of legal services has somehow limited the access and decision to use, which is a point that businesses should be consider further. In this article, we will discuss the reasons why businesses should using retainer for legal services, specifically:

Effective advice from a team of experienced lawyers

Legal issues that businesses are often concerned about such as how to get a complete set of business contracts or service contracts, other types of contracts that we have not mentioned, ensuring compliance with legal regulations and protecting the maximum interests of their business, as well as minimizing potential legal disputes, this issue can be completely resolved by businesses when using retainer for legal services from a law firm, with a team of experienced lawyers, a team of well-trained and professional staff will support businesses in drafting and adjusting a complete set of contracts, in accordance with the actual wishes that the business puts forth.

Minimize potential legal risks in the production, business activities of the enterprise

In-depth legal consulting services from drafting internal legal documents to types of contracts will partly support enterprises in minimizing potential legal risks. Or when enterprises expand production, business activities, it is inevitable to learn about legal, tax and financial issues in advance. With a team of experienced lawyers, they will provide in-depth advice on legal issues, thereby helping enterprises have a more stable step. Moreover, the team of lawyers will consult on legal aspects of each production, business activity of the enterprise.

Independent, objective advice

On each legal issue that a business needs to consult, it is necessary to get independent, objective advice from a professional lawyer. When using retainer for legal services, the lawyer will be independent in looking at the problem and will not be influenced much by the parties involved.

Better cost management

Retainer for legal services, provided by law firms, have a variety of service packages and different fee calculation methods. Based on the specific needs of each business, the law firm will provide number the types of legal service package in which it will adjust accordingly, thus helping businesses better manage costs.

What Can TTVN Legal Support Clients?

Based on the specific needs of the Client, our lawyers at TTVN Legal will assist on valuate and advise on appropriate retainer for a legal services packages

Contact us if you need further advice

Note: This article is for informational purposes only. The content of the article represents its own TTVN Legal it is subject to change without prior notice