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Four Surprising Ways Outside Counsel Can Save Your Tech Company Money

Posted by Tom McKeever | Aug 01, 2020 | 0 Comments

In the age of Google for legal research and LegalZoom for quickie contracts, it can seem as if hiring an attorney is an unnecessary business expense. But the adage "you get what you pay for" can be true when it comes to do-it-yourself internet legal solutions. Sometimes, there's no substitute for consulting a legal expert that can tailor your technology business solutions and safeguards. Hiring outside counsel to anticipate legal risks and protect your technology business can save you money in the long run.

  1. Set a Budget 

Using outside counsel can help you more easily budget time and money for both anticipated and unexpected legal expenses. If you know that you need to redraft your software-as-a-service agreement, outside counsel can help you quickly and efficiently. An outside counsel can also help you avoid unexpected legal services and litigation. Carefully drafted legal agreements should set out the obligations and risks of both parties. But understanding those risks requires extensive experience managing the fallout. Using outside counsel can ensure that you are mitigating your tech business's risks and minimizing the potential for future litigation.

  1. Legal Experts Can Answer Legal Questions More Quickly

When you hire Austin Technology Law Advisors, you are hiring experts in technology law. Technology is your specialty, but our expertise is in the legal issues that arise in technology businesses. We are problem solvers, and we can offer you solutions to your legal issues quickly and efficiently. Using outside counsel, you can ensure that you have the correct answer to your legal question instead of relying on Google and a prayer. 

  1. Remain Focused on Business

Time is money. It's trite but true. When you seek advice from outside counsel, you can focus your time on your technology business. Outside counsel can help you realize your tech company's business goals, draft commercial agreements, draft employee agreements, and protect your intellectual property. All of this protects your business, anticipates future legal risk, and leaves you free to focus on what's important.

  1. Avoid Costly Mistakes

A poorly written contract or legal agreement can cost you hundreds of thousands of dollars in litigation, result in unhappy clients and customers, and undermine your company's stability and reputation. Similarly, if a small potential legal issue pops up, it can quickly snowball into a significant problem. Handing legal issues off to legal experts makes good business sense.

At Austin Technology Law Advisors, we solve legal issues for your technology company quickly and efficiently. Contact us to discuss how we can help your technology business save money.

About the Author

Tom McKeever

Leverage Tom's deep technology law experience and solid business judgment to your unfair advantage.

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