We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.
Finance

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

What is a Transaction Attorney?

Malcolm Tatum
By
Updated: May 17, 2024
Views: 41,690
Share

The need for legal services has become a highly specialized concern for many types of applications, with a number of lawyers choosing to focus their expertise within a given range of function. For a number of businesses, a working relationship with a transaction attorney is a must. But what is a transaction attorney, and what can one do for a company?

Transaction attorneys are fully registered attorneys that specialize in the area of business law. With that spectrum, they also have an expert status in the drafting, execution, and administration of such important business documents as deeds for real estate, employment contracts, merger documents, and even in the transfer of intellectual property and trademarks from one entity to another. In short, any type of transaction or series of transactions that impact the ability of the entity to function within the perimeters set by the laws of the land would be well understood by a transaction attorney.

It is not unusual for larger corporations to directly employ a transaction attorney or attorneys that are routinely on hand to review any and all business transactions that the company may choose to consider. These transactions may involve acquisitions, contracts, or revisions of real estate holdings before anything is submitted to the local jurisdiction that will have to approve and enforce the transaction.

The attorney will make sure that the documents drafted precisely convey the intentions of the corporation, are worded in a manner that is acceptable to local customs, and that meets with all provisions set forth in local law. Companies that frequently expand their holdings often find that it is much easier to directly employ transaction attorneys, rather than keep a firm on retainer for such purposes.

However, there are transaction attorneys that can be engaged for a one-time project if needed. For example, someone that is thinking of purchasing a local business may want the services of a transaction attorney to make sure everything is in order before any commitment is made to the sale. Many transaction attorneys will advertise their expertise with commercial real estate law, offering services to small companies as well as to individuals who are just entering the business world.

The advantage of a transaction attorney is that a great deal of knowledge and skill come into play that will keep the client from dealing with difficult issues down the road, when it comes to commercial property acquisition or ongoing business contracts. Many can attest that a competent transaction attorney will easily spot irregularities and thus save the client more money than the attorney’s fees could ever equal.

Share
WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Malcolm Tatum
By Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing to become a full-time freelance writer. He has contributed articles to a variety of print and online publications, including WiseGeek, and his work has also been featured in poetry collections, devotional anthologies, and newspapers. When not writing, Malcolm enjoys collecting vinyl records, following minor league baseball, and cycling.

Editors' Picks

Discussion Comments
By roaringlion — On Jan 28, 2014

I don't think the focus is on what specific industry as it is the function of the transactional attorney.

A law firm that employs transactional attorneys work to protect the interests of a business, individual or multiple parties working together. This could include contract negotiations, joint ventures, mergers and intellectual property rights.

If you own a business or engage in any financial or legal transactions, a transactional lawyer can protect your interests.

By spiritgirl3 — On Jan 27, 2014

What industry typically retains or hires a transaction attorney on a regular basis?

Malcolm Tatum
Malcolm Tatum
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing...
Learn more
Share
https://www.wisegeek.net/what-is-a-transaction-attorney.htm
Copy this link
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.