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Prior to selecting CT TyMetrix as our e-billing system, law firm invoices were processed manually and routed through me. I stamped each invoice, coded it with a general ledger number and passed it on to the attorney who was handling that particular matter for review.
The legal department did its best to organize everything and make sure that the correct ledger accounts were being charged. However, the law firms didn't always properly segregate the matters ' especially when multiple locations or foreign associates were involved in a particular matter. In many cases, the law firms would include multiple matters on a single invoice. That required me to separate the charges by matter and make the correct general ledger allocations. Sometimes, I had to charge three or four different general ledger accounts to a single invoice. I also made copies of the invoices before giving the originals to the accounting department for payment. The process was not only tedious, but the amount of paper to wade through was voluminous and not very friendly to the environment.
To keep track of everything, I'd manually enter all of the information into an Excel spreadsheet ' total amount, billing code, etc. When transferring information from one place to another, there was the possibility that something would get lost or entered incorrectly. If I got a call about an unpaid invoice, I'd have to go back and see if it was on my spreadsheet and then check with accounting to see when it was paid. It usually turned out to be a scavenger hunt. In conclusion, the manual system was not very efficient and we decided it was time to search for an e-billing system.
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
UCC Sections 9406(d) and 9408(a) are one of the most powerful, yet least understood, sections of the Uniform Commercial Code. On their face, they appear to override anti-assignment provisions in agreements that would limit the grant of a security interest. But do these sections really work?