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Contract Management and the Bottom Line
Vendor contracts, customer agreements, licenses, trademarks, leases, warranties and other contracts represent the most important documents for corporate legal departments. Companies must manage multiple contractual obligations that have continuously grown in number and scope. The globalization of trade and multicurrency business relationships makes contracts even more complex, and with many companies wearing the hats of the supplier, partner and customer simultaneously, the dynamics become ever more convoluted.
The problem for corporate legal departments is that contract lifecycle management (CLM), as currently handled, is manual, slow, inefficient and ineffective. In fact, 57% of legal technology and contract management professionals responding to a Huron Legal poll expressed concern about their company's contract management procedures. The “Huron Legal Contract Management Survey” mirrors the findings of many other studies. See http://tinyurl.com/ncjr5jy.
Many of these otherwise smart and innovative companies have hundreds, if not thousands, of contracts in force. The average Fortune 1000 company has in the range of 20,000 to 40,000 active contracts at any time, according to Forrester Research.
Major Differences In UK, U.S. Copyright Laws
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.
Strategy vs. Tactics: Two Sides of a Difficult Coin
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.
The Article 8 Opt In
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.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?