Saturday, September 20, 2008

Understanding of Law – An Important CFO Service

One things CFOs must be able to do is to read and understand legal documents. This is a very valuable CFO Service to any client. The client does not want to be in a position to have to call his outside attorney to read and interpret documents. The CFO should be able to read documents like:

Employee Handbooks
Confidentiality Agreements
Employee contracts
Non compete agreements
Promissory notes
Security Agreements
Loan agreements
Personal Guarantees

Being able to read and interpret these and other legal documents will save the client a lot of time and a lot money in legal fees. It is also important for the CFO to understand bankruptcy and how it works, whether your client is contemplating bankruptcy or a supplier of the client is filing bankruptcy.