Management and Organizational Studies 2275A/B Midterm: 95%)

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Document Summary

Becoming a sophisticated client is empowering but business decisions can have serious consequences, so make sure to: consider appropriate laws, keep proper records (e. g. written contracts), because evidence is important. In a legal relationship, you have: the lawyer (an agent), the client (the principle) and a potential. Use sources such as: relevant referrals, provincial law society, yellow pages and the internet: meet with each appropriate lawyer to see if a working relationship can be established, keep an ongoing relationship (especially important for businesses) Paralegals: are employees of law firms that operate under the supervision of a lawyer, no j. d: licensed by the law society and can sometimes represent clients in small claims court. Fixed fee: usually happens for specific tasks (preparing a will) Hourly rate: depends on the experience/success of the lawyer. Contingency fee: lawyer receives percentage of amount that the client receives. Disbursements: out-of-pocket expenses charged to the client.