Whilst compliance with the law is important, the reality is that the law is not necessarily black or white. It is the shading that creates the variety of opinions and arguments that occur resulting in litigation.
I would personally argue that sound commercial advice, clearly linked to ensuring that a venture develops and executes appropriate strategic options for commercial success, is more important. Just because an individual is a great lawyer or accountant does not automatically translate to them being great at business. Strategic advisory boards, or boards of directors are one such way of providing this support to a business. Individual mentors are another. Identify individuals with knowledge in your field, who may be able to assist. You may be surprised how willing people are to provide support. Often a great starting point are chambers of commerce, industry peak bodies, or indeed by asking others in your network. On Jun 24, 7:45 pm, Ben Sand <[email protected]> wrote: > I'm coming to realise legal strategy is much more important than contracts. > > That is, you really need someone who knows when legal services make the > business stronger and when they get in the way. I'm after your advice on how > to find such a person. Is this a management skill, should we be looking for > an advisor who's CEOed a few companies, or can I trust a lawyer to tell me > how much I should use them? > > P.S. > A need for good legal strategy and understanding of where it fits in the big > picture became even clearer for me today. An actor I know complained on > facebook about a recent job he had as an extra: > "some company had hired all these extras, given them (as in ex gratia) > shares in their company so that they were stake holders, and had them vote > in one of their general meetings to prevent a hostile take over bid > ... apparently > it was legal" -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://groups.google.com/group/silicon-beach-australia/msg/351e183e1303508d?hl=en%3Fhl%3Den No lurkers! It is expected that you introduce yourself. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
