The legal relationship is one of a consultancy encapsulated in a written agreement between Virtual Legal Counsel and and your company. There are 2 options, a Significant Events Retainer to manage a significant event in the life of your company and secondly an Annual Retainer.
Significant Event Retainer includes:
- An initial public offering (listing on ASX)
- A capital raise from sophisticated investors
- Settlement of a contractual or financial dispute
- Managing litigation and reducing legal fees
- Mediating a dispute
In all cases Virtual Legal Counsel will co-ordinate and manage external advisers and provide the Board with value add advice to produce the best outcome for the company.
Annual Retainer includes:
- Acquisition or disposal of a company or assets
- Negotiating a debt or securities restructuring
- Attending board meetings and providing real time advice on commercial matters
- Board meetings can be attended via video conference or in person as required
- Being available on an “as required basis” by video or mobile telephone for senior management