Re:Beer
by tptacek on Wednesday October 16, 2013 @10:49PM
(#6563410)
Of course they ignore it. If they took every counsel opinion to the bank, they'd almost never sign a contract.
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Re:Beer
by 7Figures2Commas on Thursday October 17, 2013 @02:11AM
(#6563910)
I know criticizing attorneys is a fashionable pastime, but your comment is neither informed nor creative. I know it may come as a shock, but attorneys make a lot more money structuring, negotiating and drafting agreements than they do advising clients not to enter into them.
This said, the type of advice that I was referring to pertains to legal compliance and best practices in the context of running a business. Example:
1. An employer is advised by counsel that it must or should keep certain records.
2. It, for whatever reason, fails to do so.
3. As a result of its failure, it is fined, or is less able to defend itself in a lawsuit.
This sort of thing happens. Every single day. The only thing being taken to the bank is money that employers never had to part with in the first place.