how does business law affect your organizational development? | LegaMart

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QuestionAug 22, 2022 - 17:10

how does business law affect your organizational development?

how does business law affect your organizational development?

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Sep 13, 2022 - 1:15

Compliance with business law is essential for the development or growth of any business organization. Non compliance with business law principles can be disastrous for any business organization!

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author
Sep 21, 2022 - 13:25

The focus of law in relation to business is preventive. Identifying key exposures and curing them before they crystalize and become expensive exposures is key. To achieve this business operational process documents must be in place and periodic audit of operational process flows must be conducted for identification of hidden legal exposures. key business decisions must be taken with clear understanding of legal implications and exposures, finally documentation and legal compliance are key. Your business lawyer should not only be brought in when things go wrong but should be carried along from the very beginning. It is always cheaper to prevent a problem that to resolve one.

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