Communication, Management and Manage the Workplace
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The presentation discusses the critical aspects of business communication within the legal context, emphasizing the importance of effective communication for lawyers to understand their clients' needs. It covers various legal topics, including product disclaimers, legal disclosures, and the significance of accurate financial reporting to avoid legal ramifications. Common misconceptions about lawyers and business communication practices are also addressed.
Communication, Management and Manage the Workplace
- 1. good morning Christ Academy - Institute of Law
- 2. Legal aspects of Business Communication
- 3. Presentation Agenda ‣Communication - Critical aspects ‣Creditors Reports ‣Few lessons
- 4. In the legal profession, communication is key. Lawyers must communicate effectively with their clients to gain a comprehensive understanding of their legal matter. This includes understanding the details of the case, the client's objectives, and any important deadlines or limitations.
- 5. the terms Legal • a legal obligation/requirement for an act, action, connected with the system of law Law • A rule of conduct developed by the government or society over a certain territory. Businesss • the activity of buying and selling goods and services Communication • the various methods of sending / sharing information
- 6. Voting Lawyers Are Just in it For The Money Yes No Can’t say
- 7. Myth 1. Lawyers Are Just in it For The Money
- 8. Voting Lawyers Will Try To Cheat You Yes No Can’t say
- 9. Myth 2. Lawyers Will Try To Cheat You
- 10. Voting All Lawyers Need To Be Excellent Public Speakers Yes No Can’t say
- 11. Myth 3. All Lawyers Need To Be Excellent Public Speakers
- 12. Myth 4. Lawyers Only Care About The Case — Not The Person
- 13. Myth 5. Lawyers Only Care About The Case — Not The Person
- 14. Myth 6. Litigators Need To Be Aggressive To Be Good
- 15. Voting Lawyers are not GOOD Communicators Yes No Can’t say
- 16. General Myth Lawyers are not GOOD Communicators
- 17. Business communication Business communication can take many forms, including sales pitches, marketing messages, press releases and even company meetings, comfy annual announcements, TV briefs, News bites, and…………
- 18. Misconception about Communication in Business transactions • I may not be honest • I can get away • I can write what I feel….. informal • I can lie to certain degree • I can mislead • I can ………….
- 19. Legal Agreements or Contacts For the most part, the contracts used in business are long, poorly structured, and full of unnecessary and incomprehensible language. • Students handbook • Insurance
- 20. • Certain areas of business communication are strictly regulated by law, while others can lead to potentially harmful civil litigation • Understanding the potential legal consequences of communication in business is essential for entrepreneurs, managers and front- line employees alike (even Law students)
- 21. What you should know as entrepreneurs, managers and front- line employees alike
- 22. Product Disclaimers Product and service disclaimers protect businesses from potentially harmful litigation in the event of misuse or misunderstanding by customers. Disclaimers can be used in court to prove that customers were warned about dangers and risks before using a product or service.
- 23. • Product Disclaimers, examples like • Food Products • Facial creams • Hair shampoos • Healthcare products
- 24. Product Disclaimers found at/in, • Product packaging • Commercial advertisements • Sales conversations
- 25. Legal Disclosures • Legal disclosures are similar to disclaimers, but less specific. • Conflict-of-interest disclosures for stock analysts and financial advisers • Research-based claims in marketing. Non-disclosure agreements approach the legal issues in business communication from another angle. • In non-disclosure agreements, one party agrees to refrain from sharing proprietary information outside of a contractual relationship.
- 26. Marketing Communications in Business • Advertising and sales communications must follow legal guidelines, for …… • honesty • accuracy • non-deceptive • factual evidence.
- 27. Financial Reporting in Business • Formally presenting information to investors • Regulators and the general public. • Caution …. Using deceptive accounting practices to misrepresent company finances is a weighty legal matter potentially resulting in lawsuits, fines or even criminal charges, not to mention damage to a company's brand reputation. • This is one of the most closely regulated areas of business communications and is especially important for publicly traded corporations.
- 29. Legal aspects of Business Communication • A financial report that details the amount of money that the business owes to its suppliers by grouping and sorting the amounts according to the number of days outstanding. • An aged creditors report provides an overview of the invoices your suppliers have issued to you but you have yet to pay.
- 30. • A credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts.
- 31. Report Contents • Personal information • Your name and any name you may have used in the past in connection with a credit account, including nicknames • Current and former addresses • Birth date • Social Security number • Phone numbers
- 32. Credit accounts • Current and historical credit accounts, including the type of account (mortgage, instalment, revolving, etc.) • The credit limit or amount • Account balance • Account payment history • The date the account was opened and closed • The name of the creditor
- 33. • Disclaimer of the Report • This report is based upon our investigations to date. Any additional material issues that are identified after issuing this report may be the subject of a further written report. • The contents of this report are based on information obtained from the Company's books and records, financial systems, representations from the director, key management and our own enquiries and investigations.
- 34. • The statement and opinions given in this report are given in good faith and in the belief, that such statements and opinions are not false or misleading. Except where otherwise stated, we reserve the right to alter any conclusions reached based on any amended or additional information which may be provided to us after the date of this report.
- 35. • Neither the Liquidator, nor any member or employee of the firm is any way whatsoever to any person in respect of any errors in this report incorrect information provided to us. • The Liquidator does not assume or accept any responsibility for any liability or loss sustained by any creditor or any other party because of the circulation, publication, reproduction, or any use of the information presented in this report.
- 36. • Creditors Report has • Review of the director's reports and statements • Review of the books and records provided by the director and third party • Review of the case notes and running balance account • Affairs of the Company including an initial review of the business sale transactions • An in-depth solvency analysis to support any insolvent trading claim or voidable transactions identified
- 37. Receipts • Cash on Hand (Petty Cash) • Accounts Receivable (Pre-Appointment) • Plant & Equipment • Settlement of Preference Payments • Bank Account Interest Income • Pre-Appointment Refunds • Indemnity Received • GST (Received)
- 38. Payments • Auctioneer's Charges • Bank Charges • Legal Fees • Appointees' Remuneration • Appointees' Disbursements • Priority Creditor Distribution (SGC) • Secured Creditor Distribution • Insurance • GST Clearing (Paid)
- 39. Lesson learnt
- 40. (Mis) conception about Communication in Business transactions • I may not be honest ……. Be Honest • I can get away …… Take and Be serious • I can write what I feel….. informal …… Formal and Professional • I can lie to certain degree ……. Present the facts and figures • I can mislead …… Dont take for granted • I can …………. and ………