Some buyers who are unfamiliar about the local dynamics of Dubai property market consider it sufficient to hire an agent or a broker to close the real estate deal successfully on their behalf. Yes, this is true that they play a major role in locating a right house for the buyer and negotiating price and closing date on their behalf but they can not eliminate the need of a real estate attorney.

Need of a Real Estate Attorney!

Furnished apartments in Dubai remain great in demand due to the high influx of the tourists in Dubai. Many investors are looking forward to hunting Dubai apartments for sale and then offering them on rent to generate a constant stream of income through them. In order to review the apartments for sale in Dubai and make sure that the rights of the buyers are protected and defined, buyers must hire a real estate attorney.

There are many advisors who claim to provide legal services, but don’t be tempted by their lower fees, since they are not professionals and you would probably never get recourse if anything goes wrong. Sales and purchase agreement varies from state to state and they are many chances that these advisors won’t provide perfect solutions due to lack of knowledge for investing in serviced apartments Dubai.

How real estate attorney helps?

A real estate lawyer’s role can be very broad and if you don’t know what services he can provide, you must ask him to describe his work along with his fees in writing. Normally if you are going to invest in apartments in Dubai, you must expect following services from him.

• He should identify the procedure of taking your title on the property and understand each and ever clause of the purchase agreement.
• He should make sure that the seller is the original seller of the property entitled to sale it and there are no covenants and liens registered against the property.
• He must draft and register all the legal work on the behalf of a buyer related to purchase of the property in Dubai.
• He must also review the terms and conditions of the mortgage and investigate the taxes and the utility costs paid prior to the transaction.
• He should also arrange the title insurance protection and make sure that the buyer receives the valid and true ownership of the property. .

Once you have decided to get rid of your spouse, the best way to do this is by selecting a right divorce attorney for the proceedings. For that, you must choose a reliable, honest and experienced attorney. Do not go for the divorce attorneys, who are adversarial in nature and promote conflicts and marriage endings for their own benefit. If you are also the one who wants to end his marriage but cannot do so because of high fees of the attorney, consider the following things to bring down the fees.

Be aware of hidden charges – Many divorce attorneys in order to increase their fees, delay the divorce proceedings. Some even had the intention to charge hidden fees, which they don’t disclose earlier. The best way to avoid paying for the hidden charges is by drafting a written fee agreement before starting court proceedings. Divorce attorney normally charges by hour after client pays an initial deposit amount. The client only becomes responsible for the extra charges unless the retainer is depleted.

Settlement without attorney – The attorney also charges more if clients ask them to also resolve the issues of the divorce settlement and distribution of the martial property. Moreover, he also asks for the expenses of the court order mediation. If it any point in time, you think you can negotiate settlement and other issues with your spouse yourself, go for it since it would be economical for both of you. Even if you think the conflict between you and your spouse is ending, it’s the time to take your case back and free yourself from the attorney’s fees.

Be ware of some cheap divorce attorneys because some inexperienced attorney’s charge a small fee and provide non professional services which ends the case without reasonable settlement. Make sure you hire a low cost but experienced divorce attorney, since it is a matter of your life and paying little extra money is worth the investment.  

Why to hire a business attorney?

In the start of the business, businessmen need to understand various trademarking and copyrighting issues. If they do not understand these issues and make copyrighting or trademarking mistakes, they can be sued anytime. I personally know many firms who putt off hiring a business attorney until they were served with summons at their doors. The attorney’s fees along with the settlements and others expenses ate up their all capital and as a result they had no other option than to shut down their business and leave the industry forever.

Business attorney, if hired at the start of the business, provides assistance in all the aspects of the business from zoning compliance to the drafting of legal documents and trademarking advice to handling incorporation work. As a result, it prevents organizations from unnecessary lawsuits and courts penalties.

How business attorney helps?

Hiring a business attorney is a wise idea for smooth and successful start of the business. This is because just like doctors and engineers are specialized in their fields, business attorneys are also specialized in handling legal work. They provide expert advice on all the legal matters and increase the long-term viability of the firm.

Business attorneys must have specific set of skills that may help them to understand the nature of the business. They draft the contracts with the clients, suppliers, partners, and customers of the business and define the rights and liabilities of every person arising out of the law. They define the form of the business for the owners (proprietorship, partnership, or public limited company) and draft memorandum of association and articles of association for the business.

Business attorney registers your trademark and helps in the creation of separate entity of the business. Moreover, he also registers the business for the tax identification numbers and shows prudency in all the business transactions that can have negative tax implications. In addition to that, if any customer or supplier sues the firm he protects the firm in the court.

Businessmen have to pay some fees to the business attorneys on regular basis but this little money is worth the investment. Therefore, hiring a business attorney is always a smart idea.

Bankruptcy involves complicated legal proceedings, it will be better if you take the services of a bankruptcy lawyer. Bankruptcy proceedings in the country are governed by federal statutory laws. Therefore, it is highly essential to select the right kind of bankruptcy attorney. I am highlighting some tips to select a right kind of bankruptcy attorney.

Experience

It is highly important to select the attorney who has deep knowledge about the bankruptcy laws and all other intricate issues of bankruptcy procedure. Make sure that the selected attorney has good understandings of the local rules, the rulings of the local judge, trustees’ preferences etc.

It would be better if you choose a lawyer with good reputation also since the work done by your bankruptcy attorney will have an impact on your financial life for years. It always wise to choose an attorney with proven records of bankruptcy filings.

Level of comfort

You must be comfortable, working with the bankruptcy attorney that you have chosen. However, it does not imply that relationship between you and your attorney should be such that you share vibes, but it something different. Your attorney should be reliable and trust worthy. You both should develop a feeling of respect for one another since it is the compulsory for peaceful proceedings.

Fees of the Attorney

Fees charged by the bankruptcy attorneys are very important to consider. Always look for the attorneys who charge exorbitant fees. Te fees should be reasonable and within your affordability. A good bankruptcy attorney will always charge fair fees and offer you a flexible payment plan.

Size of the law firm

While choosing an attorney, it would be wise to select a medium or large sized law firm. If you select small law firm, you may not get the required services in times of need. Moreover, smaller firms handle fewer cases so they are not much experienced and knowledgeable as compared to the big and reputable firms

Responsiveness

Select an attorney, who responds to all your queries and helps you to understand different aspects of bankruptcy.

If you follow the above-mentioned tips, you will be able to select a very suitable bankruptcy attorney for you.

Purchasing your own home is the purchase you may do once or twice in a lifetime. The complexity of the process, omissions, and mistakes can cost you million of dollars. So, it is always advisable to hire a professional and experienced real estate attorney that has vast knowledge of all the legal issues including financing, acquiring, leasing and selling all kinds of properties, whether commercial or residential.

Some buyers do not feel the need of hiring any real estate attorney because they think his responsibilities can be carried out by the agents. They only hire agents and overlook the fact that agents are not real attorneys and they can never give them proper legal advice. Every state has its own real estate laws and only the attorney of the state know well the federal and the state statutory laws governing the sale and purchase of properties.

In some states, agents cannot prepare the home purchase documents and cannot close the deal. In this situation, hiring an attorney becomes must for every real estate buyer.                                      

How to hire real estate attorney?

You can never get hands on the right real estate attorney through advertisements and telephone calls. You should always hire attorney through personal and business referrals, attorney referral services, state’s bar association or by making a list of attorneys and interviewing them to select the one that meets your criteria.

Fees of real estate attorney

Some real estate attorneys charge a flat fee for the entire real estate transaction. Otherwise, mostly attorneys charge an hourly rate. If you do not intend to hire him for the whole deal, can work for you for 2-3 hours for preparing documents and offer his valuable suggestions on various issues that are complicating your deal.

Duties and Responsibilities

1. He reviews the purchase contract and make sure you understand all its provisions and your duties and responsibilities arising out of them.
2. He works in collaboration with the mortgage loan officer, seller’s attorney, and agents to handle various issues like home inspection, attorney approval, and mortgage commitments.
3. He drafts and reviews all the paper work including bills of sale, deed, mortgage loan documents, tile, insurance policy documents, and other legal paper work.
4. He always negotiates in your favour and protects your interest in property laws and other matters related to utility expenses.
5. He catches up all the errors and mistakes in the legal paper work and ensures the entire deal is closes successfully in the best possible way.

Many people do not know how they can hire an attorney in the hour of need. They mostly search lawyers on internet through lawyer directory sites and newspaper advertisements. The fact is you can surely identify good lawyers from these sources but deciding an attorney by just getting impressed form such advertisements is a non-sense idea. If you want to get success in the case, you must do proper homework in locating a right attorney for you. Some tips for this purpose are discussed below.

1. First, look at the personal and professional qualities of the lawyer. Every client wants a lawyer who could make him feel comfortable and let him speak the truth confidently. If lawyer would be honest, he will gain your confidence on his own. You should choose the lawyer who has good knowhow and experience on your type of case.
2. Be unbiased; if your any second or third cousin is a lawyer, he must have personal affiliation for you. You should choose him only if he is eligible for it. If you think he is not an expert in your type of case, do not play with your life.  Always ask your friends, peers and colleagues for references if they personally know some good lawyer.
3. Do not forget to conduct a background check on the lawyer. He must belong to the State Bar Associations, so check out the legal organization from where he belongs to. Check out his previous track record, the number of the cases he dealt with and the rate of his success. Moreover if you find him the special bar section, it would be better.
4. After knowing him, meet him to discuss various facts of the case. Decide how much time, money and efforts he would be spending on your case. Moreover decide on ancillary services, law office communications, private investigations and contingencies. Make sure if he becomes ill, who will take the charge of the case.
5. Be aware of the lawyers who actively solicit your business by ambulance chasing. Moreover, some lawyers pretend to be specialist in any type of case but in fact have a focus in an area. You should also know the full fledge procedure of firing your lawyer in any case whether during the case or even after it has ended.

Just read following points to know how divorce attorney bails you out from your marriage.

Gives pre-divorce advice

When you go to the divorce attorney and tell him the reasons for seeking a divorce, he gives pre-divorce advice to you regarding money matters, martial possessions, credit cards, bank accounts, insurance, pension and other apprehensions. He also suggests you, if leaving the martial home is beneficial now or not. Moreover, he tells you about children custody concerns and identifies what are the risks involved in the divorce process.

Handles necessary paperwork

After initiation of divorce process, he prepares the divorce compliant and summons for your spouse but if your spouse initiated the divorce procedure, he prepares documents to respond to the complaint. He also prepares documents for the temporary visitation, custody arrangements and support documents for children and spouse. If he wants more details from your spouse, he also prepares requests and interrogatories.

Deals with the spouse attorney:

Divorce attorney meets your spouse attorney and sends the entire information and correspondence, which he receives from him to you and the court. He keeps you updated on the new developments of the case, custody decisions, and asset distribution concerns as soon as they arise in the procedure. He informs you regarding the settlement offer and drafts the settlement agreement on your behalf keeping your inputs in view.

Supports you at every step:

If the case requires the opinion of the expert, he recommends you the right professionals of the subject field. He goes with you in the court, supports you in the court appointed conferences, child support matters, and accompanies you in trail. He prepares you for the unknown consequences and tries to handles every thing smoothly in the court. He also prepares you for the trial and build up your confidence during cross-examination.

However, divorce attorney charges money but this investment is too little as compared to spending you entire life with incompatible spouse.

Many businesses neglect the importance of hiring business attorney and put off their hiring until they receive summons from the court. Delay in hiring business attorney is a fatal mistake that can spoil your reputation and can sometimes results in so much heavy penalties by the court that business survival becomes impossible. Business attorney facilitates at every step of the business and some of the key areas in which it serves include:

Legal Paper work:

Business attorney conducts all paper work of the business. He drafts company’s contracts with the customers, clients and suppliers and respond to the contracts which third parties want you to sign. He prepares articles and memorandum of association and also prepares prospectus for the companies.

Real Estate matters:

Business attorney handles all real estate matters. If you are going to take an office space, he comes out with the tenant addendum which contains all the provisions necessary to provide benefits to the tenants. He understands the tenancy contract and all the rights and obligations arising out of it.

Registration matters:

Registration of a company is a difficult task and wholesale business attorney arranges for getting the certificate of commencement and registration certificate from the registrar. Documents to be filed and registration fees are submitted by him. He understands the tax structure and registers the business for local and state tax identification numbers.

Intellectual property matters:

The issues regarding copy right protection and registration of wholesale products and services for the trademark. Some times, these issues are dealt by separate intellectual property specialist but if your attorney knows it, it’s more than good for your business. Otherwise at least his personal contacts will help you to hire a good specialist.

Lawsuits management:

Business attorney acts like a shield if any entity files any suit on the company. He knows what is ethical and legal and what is not and defends you business from suffering heavy penalties and damages. In this way he protects the reputation of your business.

Every country has a separate business law that defines rules and regulations of starting and running businesses in particular regions. These laws also define the forms of organizations and privileges enjoyed by each entity under a legal protection. Mostly in all countries there are three different forms of business organizations which are described below:

Sole Proprietorship:

It is absolutely right that “one man show is the best in the world”. In this form of business, one man opens and runs his own business. The ownership, control and management are totally in his hands. According to the laws of most countries this form of business does not require registration. The owner himself invests all the capital and puts all his efforts to run his business smoothly. As he has no partner or investor, whatever profit he drives it becomes his own income. But if he faces loss, he has to bear all the loss alone and in case if he borrows money from any company and he is unable to pay that amount, his personal assets become liable to pay his obligations. Mostly small scale businesses and the individual who like complete secrecy prefer sole ownership.

Partnership:

Partnership is a business entity in which two or more persons agree to share the amount of profit by working as an agent of one another. Each party brings capital and the profits and losses are shared according to the pre- agreed ratio. The law regarding the minimum number of partners in a business varies across countries. In this form of ownership registration is not compulsory in many countries but yet if partners want they can get their business registered. Personal assets of the partners are not liable if company becomes unable to pay off its debts. Rights, Obligations, duties, and dissolution of this entity is prescribed by the law which varies across the countries.

Joint Stock company:

It is a most renowned form of business organization in which a company is listed in the stock exchange of the country and its shares are widely issued to the public at large. The one who buys the shares become its members. Its registration is mandatory in almost all the laws. The capital required to start a company is contributed by promoters who are then issued preferred stock as a reward. Owners are paid divided on shares as per the profit earned. Also, it holds statutory and other meetings according to the law.

Above are mentioned   three legal forms of business organizations and if you are planning to start up a business, you should read this blog first!

Mostly laws of every country regarding dissolution of public limited company explain the following modes of winding up of public limited company.

Winding up by the court:

A company is wound up by the court in any of the following cases:

1. If company is not able to pay off its creditors
2. If the company is declared unlisted from the stock exchange due to any disqualification
3. When directors of the company don’t follow the rules and regulation as prescribed by the law
4. If the company is not holding annual general meetings without any particular reason
5. On the response of special resolution passed by the members to liquefy it
6. If number of directors falls below the number prescribed by law
7. If company is unable to commence the business after obtaining certificate of commencement by the court
8. In any other case in which prevailing law of the country specifies it just and equitable to dissolute the company

Voluntary winding up of a company:

If the members of the company due to any reason wind up the company voluntarily and a special or ordinary resolution is passed in the meeting in the favor of dissolution, it is called member’s voluntarily winding up. Company later on hires liquidators who cease the powers of the directors to liquidate a company and they conduct a final meeting after which company is liquidated and is struck off from the register of joint stock companies of the country.

Creditor’s voluntary winding up of a company:

If the creditors of the company want to wind up a company they are called in a meeting in which resolution of dissolution is passed. Directors submit a statement of affairs and the information of dissolution notice is passed to the registrar. Liquidators are hired who distribute the assets and pay the liabilities.

Winding up under the supervision of Court:

A public limited company is wound up under the supervision of court in the following cases:

1. When resolution of dissolution is obtained by fraud
2. When liquidators are partial in behavior, are not taking interest and are not following the rules of liquidation