Reasons For Getting Independent Legal Advice

It is common to be asked to get independent legal advice occasionally known as ILAfrom a lawyer of repute. You may be wondering why you need one in the first place. You have gone to a legal professional for help and find yourself asked to obtain advice from another professional. There is no reason to feel angry or anxious, however. Instead, it makes sense to inquire why you need to do it. Do check some of the plausible circumstances below and get in touch with the right advisor. Asesoria legal para empresas medellin

  • Conflict of Interest– A legal professional is free to represent multiple clients at a time. However, problems arise when there is a conflict of interest with two clients pursuing identical goals or fighting a legal battle against each other. The pro usually asks the clients to give their consent about being free to represent other clients, but getting a second opinion about no clash may prove to be helpful in the long run.
  • Transaction– The lawyer may enter into a transaction with an existing client at times too provided it is fair and completely above board. However, the lawyer needs to recommend that the said client get an independent legal advice pertaining to the transaction. You are free to refuse hiring anther lawyer for advice though. Your representative will then require you to give your consent by signing a document containing this piece of information.
  • Omissions / Errors- It is human nature to make mistakes. Lawyers are no exception to this rule either. The professional may discover that he has omitted an important piece of information or made certain errors while representing a particular client. This may not always be easily rectified especially when it has already been submitted to the concerned parties. You, the client, may have to contact an independent lawyer for advice when you are concerned about your rights and the repercussions that the momentous mistake may have on your life or finances.
  • Mediator– An experienced lawyer who takes on the role of a mediator for settling business disputes needs to create an official drafts that include all the required points. However, the other parties may want to seek an ILA by another professional so that the contents within the draft can be approved by all concerned.
  • Joint Retainer– The lawyer may advice getting an ILA so that a client who is not aware of the process understands what the process involves. The client can then go on and sign the document knowing that it contains all important clauses that have been agreed upon.

You may hear about the necessity of independent legal advice mortgage when you approach a bank or financial institution for obtaining a loan against property. The terms and conditions included within the mortgage document will be explained to you lucidly by a legal professional so that you can sign on the dotted line without being overly concerned.

It is important to remember that your lawyer will dispense with the advice for your benefit only. He/she has no obligation to any other parties that may be involved in the transaction.

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