Boston Contract Attorneys & Lawyers
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Jo Ann Jorge
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Boston Contract Lawyers
Why Hire a Contract Lawyer?
Contract lawyers are attorneys who work for businesses for set periods of time. Hiring a contract lawyer will give your practice an extra pair of hands and eyes to cope with peak periods of work. This takes the pressure off your employees, allowing them to work less overtime and enjoy the work-life balance they need to be at their most productive. Many contract lawyers in Boston specialize in work for particular types of businesses, including:
- Startup firms
- Small to midsize businesses
- Law firms
- Finance companies
There are contract lawyers in Boston with experience in a wide range of legal topics, including:
- Securing venture capital funding
- Establishing and protecting intellectual property
- Helping businesses with mergers or with acquiring new companies
Contract lawyers can be a more cost-effective choice than permanent employees because you only pay them for the time you require their services. Their hourly rates are usually around a third of the rates of comparable full-time attorneys.
Unlike permanent members of your team, you also don't need to pay contract lawyers 401(k) benefits and health insurance. There are also no Medicare or Social Security taxes associated with hiring contract lawyers.
All those additional fees can easily add $17,000 to the yearly salary of a permanent attorney, which in Boston already costs an average of $109,267.
If the idea of bringing lawyers into your business to learn your company practices, only to have them leave at the end of their terms worries you, consider this: Many contract lawyers create long-lasting relationships with businesses in Boston. These businesses regularly call on the same contract lawyers whenever they have the need for more legal staff.
When Boston businesses and local contract lawyers form ongoing relationships, projects become easier and more effective. That's because the contract lawyer can launch straight into the work with a thorough understanding of the company and how it operates. Unlike local temp agencies, which may have a high turnover, many lawyers in Boston enjoy the flexibility that contract work provides and have many years of experience providing short-term legal solutions.
How to Find the Best Contract Lawyer in Boston
Start your search for a contract attorney in Boston by searching for a lawyer who belongs to the Massachusetts Bar Association. All lawyers offering legal services in Boston must be licensed to work within the state. Most attorneys practicing in Boston must pass the Massachusetts Bar Exam before working for a local law firm or establishing their own practice. Lawyers who are members of bars in other states can also seek admission in Massachusetts, but they must practice law regularly and be of good standing in the community.
In addition, if you have specialty needs, you might look for a lawyer certified by the National Board of Legal Specialty Certification in Wrentham, Massachusetts.
Contract lawyers specialize in a wide range of businesses and have experience with a variety of areas of law. Read carefully through the biographies of Boston contract lawyers posted on UpCounsel to find lawyers who most closely match your requirements.
You should also verify that any contract lawyer you choose is of good standing. You can search for complaints made against any Boston lawyer through the Board of Bar Overseers website. This independent body was established by the Supreme Judicial Court of Massachusetts in 1974 to investigate and assess complaints made against lawyers within the state. You can also phone the Board at 617-728-8750 to inquire about any lawyer.
Top contract lawyers will have past clients who can vouch for their performance. You might find written testimonials online. Alternatively, you could call a prospective contract lawyer and ask him or her to provide references.
During your discussion, the best contract lawyers in Boston will be as interested in your business and the work it does as you are in their work and experience. You can get a great sense of whether someone is passionate about doing a good job if your business and its legal requirements dominate the conversation, rather than fees.
Questions for Contract Lawyer
- What experience do you have working for businesses of my size?
- What experience do you have working in our industry?
- What experience do you have with the tasks or projects we'll need you to do?
- How have you handled difficult clients or situations in the workplace in the past?
- What do you think you would bring to my company?
- Would you extend your contract if the project runs longer than expected?
- What is your hourly rate?
- Will you work overtime if needed? What is your overtime rate?
No matter what your needs, a Boston contract lawyer can provide affordable legal assistance for your business.
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Legal Services Offered by Our On-Demand Boston Contract Attorneys
The Boston contract attorneys & lawyers on UpCounsel are dedicated to helping businesses save time, money, and peace of mind with contract drafting and review, negotiations, litigation support, discovery, commercial business transactions, and more.
Our independent contract attorneys are available on-demand to provide contract legal services for businesses or to support your in-house general counsel to help lighten the load for transactional matters or litigation support.
Although the work of the Boston contract attorneys found on UpCounsel often varies they are highly experienced in legal contract activities such as commercial contract negotiations, document review in response to document subpoenas, request for production of documents, legal research, draft legal briefs, along with providing a full range of other contract legal services to businesses of any size.
Improve Your Legal ROI with Affordable Contract Attorneys that service Boston, MA.
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Convertible Debt: What Is It?
Convertible debt is a loan or debt obligation from an investor that is paid with equity or stocks in a company. Convertible debt is also known as convertible loans or convertible notes.
When a company borrows money from investors and plans to convert it to equity or ownership in the company at a later time, that's convertible debt. The borrower and lender decide the type of equity and a set time when the loan converts based on the company's value when the loan begins.
What Is a Convertible Bond?
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What Is a Due Diligence Checklist?
A due diligence checklist is an organized way to analyze a company that you are acquiring through sale, merger, or another method. By following this checklist, you can learn about a company's assets, liabilities, contracts, benefits, and potential problems. Due diligence checklists are usually arranged in a basic format. However, they can be changed to fit different industries.
A due diligence checklist is also used for:
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Tips to Successfully Open a Restaurant in California the Right Way
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Stock Purchase Agreement
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Updated October 26, 2020:
Stock Purchase Agreement: What Is It?
A stock purchase agreement is an agreement that two parties sign when shares of a company are being bought or sold. These agreements are often used by small corporations who sell stock. Either the company or shareholders in the organization can sell stock to buyers. A stock purchase agreement is meant to protect you, whether you're the purchaser or the seller.
A stock purchase agreement is separate from an asset purchase agreement. Stock purchase agreements merely sell shares of the company to raise money or transfer ownership of shares. An asset purchase agreement finalizes the sale of the company's assets. The stock purchase agreement lists several things:
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Before making the decision, you will need to consider both the legal and tax consequences of each business structure. In other words, each business structure will dictate what you owe in taxes and what your exposure for liability could be. The business structure you select will also determine what tax forms will be required annually.
Types of Business Structures
Sole Proprietorships: The simplest structure, where one person runs their business, which has not been incorporated in any manner under state laws. You can file the