Legal strategy is important because it helps businesses: - Ensure Compliance: Adhering to laws and regulations is essential to avoid fines and penalties. - Protect Intellectual Property: Safeguarding trademarks, patents, and copyrights is crucial for maintaining competitive advantage. - Mitigate Risks: Identifying and addressing potential legal risks can prevent future litigation. - Enhance Reputation: A company known for its strong legal compliance is more likely to earn trust and credibility.