Why Might a Company Need a Shipping Lawyer?

Hiring a maritime lawyer benefits companies who conduct their business on the open seas. There are many liabilities a company needs to protect themselves against and it is important business owners know the reasons why they can benefit from these services. If a company ships via water, it is imperative they consider protecting their rights and their company by hiring a shipping lawyer in Singapore from IRB Law.

One of the most important reasons a company hires a maritime lawyer is to protect themselves should liability issues arise. A company may be sued for an accident they cause or because of an injured worker. When a company is being sued, they need to make sure they are represented by a lawyer who has a firm grasp of maritime law and the many changes that have occurred to this law over the last 200 years.

Maritime lawyers are also hired to negotiate agreements between shipping fleets. They may be needed when two companies are partnering together or a company is allowing another shipping company to borrow some of their fleet for a specified period of time. A lawyer helps to protect their client’s rights and best interests as they pursue working relationships with other companies in their field.

Here are some of the most common tasks maritime lawyers will perform for clients:

  • Draft documents such as contracts
  • Review legal documents
  • Interview witnesses
  • Write insurance arguments
  • Protect and defend companies against liability claims

Maritime lawyers may be hired by private companies, international organizations, and the government. It is important shipping companies do not wait to seek legal help until it is suddenly needed. Seeking legal representation before it is needed will help companies to avoid issues and protect themselves, should problems arise as a result of them conducting their business.

If you are in need of help with maritime law, contact IRB Law today. They will be happy to meet with you and go over your needs for legal services. With a consultation meeting, your company can discover the many services that will be available to help you better run your business and protect your company. … Read More

Learn How To Develop Good Financial Habits

These days it seems like most people are always trying to think of ways to make more money when they should be trying to think of more ways to make the money they have go further. According to some studies, the average person has about ten thousand dollars in credit card debt. This unfortunate fact means that most people aren’t sure how they’re going to make ends meet. By learning to develop good finanical habits, individuals can learn how to change their circumstances for the better and make the most of what they already have.

Avoiding unnecessary spending is the most important part of trying to save. Many people suffer due to making compulsive purchases. This can be avoided by spending at least fifteen minutes considering whether the purchase is necessary. Making minimal purchases should be a goal for each month.

Bargain hunting is a great way to save money. It’s best to find good deals whenever possible. Many online retailers offer deep discounts for first-time users and coupon codes are always available for many sites. Power couponing has become a major trend across the country. Some individuals are able to buy a weeks worth of groceries for just a few dollars.

Using credit carefully can make a huge difference in how much debt an individual is in. Credit cards charge interest and loans often come with steep fees and interest. Lenders don’t give away money for free, there’s no profit in that. Credit should be used sparingly and loans should only be used on an emergency basis.

Tracking finances is a smart way to see where the household’s income is going. The information gained from tracking financial information could reveal some surprising trends in how money is spent and where debt is coming from. The information gained by tracking finances can be used to plan well ahead and prepare for months that might be more difficult to manage. This will make it easier to make ends meet and provide for everyone in the family. Most importantly, planning ahead makes it easier to prepare for emergencies that would otherwise spell financial disaster.… Read More

6 Effective Liquidation Tips for Business Owners

Whether a business owner is retiring or they have to close down their business for other, less pleasant reasons, liquidating the company and its equipment can be a big job. However, liquidation lawyers in Singapore can help a business owner get out of the process with as little debt as possible. Below, potential clients will find a few tips on the business liquidation process.

Hire an Accountant and an Attorney

If a business owner is having issues with his or her creditors, they must get their permission before selling any items. An accountant and an attorney can help the client consult and negotiate with his or her creditors.

Inventory the Company’s Assets

Next, prepare a full inventory of business assets. Take pictures of items and record serial numbers and brief descriptions. These records can help when it’s time to file taxes and explain the reasons for business liquidation.

Find Items to be Liquidated

During this stage, the business owner and his or her team must decide what can be liquidated. Leased items should be returned to the owner, and if the business owner owes more on something than the item is worth, that item must be repossessed or kept and paid in full.

Put A Value on Items

Every piece of equipment has a value, and it’s important to research it by looking online and in the classified ads. If a business owner needs help, an appraiser can provide it.

Return Things to Suppliers

Many suppliers will reclaim their inventory and provide a refund. However, before offering these items, the business owner should understand the vendor’s return policy. If the company only provides a partial refund or store credit, it may make more sense to self-liquidate the inventory.

Sell Whatever is Possible

Business owners can have in-person and online sales, or they can call other local businesses to try to sell items at a discount. In most cases, items must be liquidated quickly, and offering a discount can help the business owner achieve that goal.

If the business owner is unable to sell off their inventory, they can consider hiring a liquidator and an attorney. These parties will come in, evaluate the assets and handle the sale in return for a portion of the profits.… Read More

Accident Lawyers Show Insurers That an Injured Person Is Serious About Fair Compensation

One primary duty of Accident Lawyers is to help injured persons deal with insurance companies that are refusing to provide compensation or are only offering a relatively small settlement. A report by CNN has noted that many of the top insurance companies routinely offer a significantly lower amount of compensation than would be required to pay for the person’s medical bills and lost wages. This can be the case whether the injured person is the policyholder or whether the insurance company represents an at-fault driver or liable business.

This tends to occur with accidents in which the full settlement amount would not be exceptionally large. Insurance companies know that people are inclined to accept the lower amount offered. First, they assume that it’s pointless to hire an attorney over the difference between the settlement as requested and the settlement as offered. Consider an injured person whose medical bills total $20,000 and lost wages total $10,000. They expect to receive $30,000 from the insurance company, but the insurer instead offers half that amount. With a lawyer receiving the standard one-third of a settlement for his or her own fee, it might seem that the person would not come out very far ahead and would have to wait even longer for payment.

However, there are important points to think about. For example, the lawyer may realize that $30,000 actually is too low. An attorney with an organization such as the Krebs Law Firm may determine that $50,000 is more reasonable. Through success in negotiating with the insurer, the client receives better compensation and does not have to wait for a long time to do so. Lawyers nearly always settle injury cases out of court, especially those that are viewed as relatively small cases.

CNN estimates that injured persons as a group lose billions of dollars in compensation due to the efforts of insurers to pay as little as possible. The insurance companies use tactics such as delaying responses to communication and refusing to negotiate with an individual. Once a law firm gets involved, it becomes obvious that the injured person is serious about receiving the deserved and fair amount of compensation.… Read More