The Client Role

Taking ownership of an asset and developing it will require a number of legal issues to be addressed depending on the nature of the project and the organisation that wants to take ownership of it.

This will always require formal legal advice before decisions can be made. To do this legal advisors will need guidance about the project, the organisation that is proposing to take ownership of any asset and what future plans there are for both the assets and the organisation. They will also need to know about the particular problems that are to be solved or interests that are to be protected as a result of the advice they are being asked to give.

Section D of the portal sets out more guidance for instructing and selecting advisors but it is very important to create a brief for addressing all legal issues in asset development and transfer and what follows are some of the things that may need to be considered.