1. Session: 5 BASIC PRINCIPLES OF BUSINESS LAW PRACTICE NDOLA 2014
COMMERCIAL LAW TRAINING PROGRAMME: WHAT LAW SCHOOL DID NOT TEACH YOU Presented by LAZ in co-sponsorship with ISLP
Session: 5 BASIC PRINCIPLES OF BUSINESS LAW PRACTICE
NDOLA 2014
Legal_1:

2. DISCLAIMER
Nothing contained in this presentation is to be considered as the rendering of legal advice for specific cases, and attendees are responsible for obtaining such advice from their own legal counsel. This presentation is for educational and informational purposes only. The views of the presenter should not be construed as the views of the International Senior Lawyers Project, the Law Society of South Africa, the Black Corporate and Commercial Attorneys Network or their respective law firms.

3. About Hahn Loeser Dedicated, diverse legal counsel since 1920.
More than 130 lawyers and 7 offices in Cleveland,
Columbus & Akron, OH; Indianapolis, IN; Naples
& Fort Myers, FL; and San Diego, CA.
Comprehensive services, creative and practical
approaches, excellent value.
Experienced team with national reputation.
Proven track record as outside counsel for
NYSE and Fortune 1000 clients.

4. ISLP Mission:
The International Senior Lawyers Project provides the pro bono services of highly skilled and experienced lawyers to promote human rights, equitable and sustainable economic development and the rule of law worldwide. ISLP assists governments, non-governmental organizations and other institutions working to build legal capacity and to advance the rights and well-being of their citizens.

5. Administrative ISLP website: www.islp.org
Craig Owen White:

6. The future belongs to those who prepare for it today.
Malcolm X

7. Nations have no permanent friends or allies, they only have permanent interests.
Prime Minister of Great Britian
Henry John Temple, 3rd Viscount Palmerston aka Lord Palmerston

8. Clients have no permanent friends or allies, they only have permanent interests.
Prime Minister of Great Britian
Henry John Temple, 3rd Viscount Palmerston aka Lord Palmerston

9. Business Law
To Serve, Protect and Defend Your client’s permanent interests, as defined by your client with your counsel.

10. It’s All About Risk
Legal Services as a Commodity Value–Added Legal Services

11. Business of Law
Any factor, event, or occurrence that has the potential
to interfere with the desired outcome.

12. RISK LEVELS KNOWN RISK Counter Party Failure Market Changes
Competition
KNOWN BUT LESS PREDICABLE RISK
Weather Event
Government Intervention

13. RISK LEVELS
BLACK SWAN EVENTS
UNKNOWN UNKNOWNS

14. 5 Basic Principles The business lawyer:
Is to assist the client in identifying, quantifying and monetizing risk relative to the achievement of the clients objective(s).
Is to document the rights and duties of the client and the counterparties to the business transactions.
Has the right to charge and to be promptly paid for legal services rendered.
Is the steward and trustee of the rule of law and the commercial codes of his/her country, region and community.
At all times is to conduct himself/herself with high ethics and integrity in all business and personal matters and transactions.

15. Thank You