Sentences with phrase «standard legal contracts»

While some have argued that smart contracts can largely replace standard legal contracts (i.e., legal terms are turned into computer code), that is a very complex procedure and not likely to happen soon.

The first is that recently there was a study published by a collaboration between a couple of top US universities and professors that stated that our AI is more accurate and significantly faster than the average lawyer at reviewing every day standard legal contracts.

A key element of the Nivaura platform and this transaction is the Legal Mark - up Language (LML) component, which enables the conversion of standard legal contracts into machine - readable formats to enable the automated formation, performance and enforcement of financial instruments.

If you've made this work, what ee really need most is a set of standard legal contracts or links to lawyers who will draft them for SDs.

And, yes, reviewing the short - listed vendors» standard legal contract (s) should also form part of this due diligence effort since choosing a vendor with very unbalanced commercial agreements as an initial starting position will often be a harbinger of difficult negotiations to come.

Not exact matches

Remember: It's very important to have your standard contract reviewed by your legal counsel or advisor.

Unlike the situation in the retail electronic payments area, where there has been significant private - sector resistance to developing legal standards, there is an increasing consensus, both domestically and abroad, that electronic commerce will not flourish until there are laws addressing the validity of electronic contracts and the legal significance of attribution procedures used by parties to determine the identity of the sender of an electronic message.

«Our review process adheres to vigorous standards and legal requirements and examines contracts for construction projects, grants, consultants, commodities, concessions, professional services, intergovernmental agreements, leases, and land purchases and sales.

By submitting User Materials to or using the Site, you represent that you have the full legal right to provide the User Materials, that such User Materials will not: (a) divulge any protected health information or infringe any intellectual property rights of any person or entity or any rights of publicity, personality, or privacy of any person or entity, including without limitation as a result of your failure to obtain consent to post personally identifying or otherwise private information about a person or which impersonates another person; (b) violate any law, statute, ordinance, or regulation; (c) be defamatory, libelous or trade libelous, unlawfully threatening, or unlawfully harassing or embarrassing; (d) be obscene, child pornographic, or indecent; (e) violate any community or Internet standard; (f) contain any viruses, Trojan horses, worms, time bombs, cancelbots, or other computer programming routines that damage, detrimentally interfere with, surreptitiously intercept, or expropriate any system, data or personal information, or that facilitate or enable such or that are intended to do any of the foregoing; (g) result in product liability, tort, breach of contract, personal injury, death, or property damage; (h) constitute misappropriation of any trade secret or know - how; or (i) constitute disclosure of any confidential information owned by any third party.

In large organisations, procurement or legal departments can help with contract definition and the potential provider may well have standard contracts to form a basis for discussion.

With colleagues at AAA and the expertise of the legal department, she led the creation of standard contract clauses to provide contracts in the best interest of the organization.

There are some standard legal terms involved in loan agreements that all sides should be aware of, regardless of whether the contract is between family and friends or between lending institutions and customers.

The report's recommendations include: a limit on the number of times a sire can be used for breeding; health screening should be made a legal requirement for dogs selected for breeding; the title of Champion should not be given unless a dog has been health screened; the word «pedigree» should be linked to a high standard of breeding for health and welfare; an independent advisory body should be set up to advise the Kennel Club and breed clubs; a puppy sale contract should be introduced to protect consumers; DEFRA should take forward a campaign for public awareness.

It involves, for example, contracting with guests and customers, suppliers, employees and professional advisers; complying with regulations / laws by central and local government (licensing, health and safety, food standards, consumer protection all spring to mind); also you need to be aware of the hotelier's liability as an occupier and his liability for the property of guests and of many other areas of the law such as race relations, sex equality and potential legal issues arising from the letting of banqueting rooms and the hiring of entertainers, to name just a few.

The Accord Project, a group launched last year to push for industry standards around legal smart contracts, has won some buy - in from major UK law firms.

Allen & Overy, Freshfields and Slaughter and May are the latest firms to link up with the Accord Project to develop industry - wide standards for legal smart contracts.

As a business leader, your time is probably better spent focused on growing your business than on creating Employment Agreement documents, Service Contract forms and other standard Business Legal Forms.

While the gold standard of volunteering is full representation for the less fortunate, many attorneys also offer free legal advice, work with local charities drafting contracts or represent clients at a reduced cost.

The EEA recently announced the launch of a new Legal Industry Working Group, to explore blockchain opportunities in legal and develop standards for smart contrLegal Industry Working Group, to explore blockchain opportunities in legal and develop standards for smart contrlegal and develop standards for smart contracts.

Houman Shadab — Cofounder of Clause.io, Professor of Law at New York Law School, Co-director of Accord Project for smart legal contract standards

Ashurst is the latest law firm to join the Accord Project, the industry standard organisation developing open source smart legal contract standards.

The ABA has begun to encourage lawyers to offer unbundled legal services as a way to boost access to justice, even providing standard contracts called limited scope engagement agreements that detail the specific tasks to be completed by the lawyer.

Barristers are instructed under the Standard Conditions of Contract for the Supply of Legal Services by Barristers to Authorised Persons 2012 (the «new Bar Council Standard Conditions of Contract»).

Evaluate your contract against standards and across industries or jurisdictions, then collaborate with your team of legal professionals throughout negotiation.

And, just a few weeks before the announcements of those two legal blockchain initiatives, the smart - contracts company Clause announced that it was joining with the Linux Foundation's Hyperledger, the International Association for Commercial and Contract Management (IACCM), and practice - management company Clio to launch the Accord Project to develop open source technology and standards for computational contracting, including via blockchain.

Linklaters has signed up to a new initiative aiming to bring together a consortium of legal and technology partners to help promote open standards around smart contracts.

The ESIGN Act implements a national uniform standard for all electronic transactions that encourages the use of electronic signatures, electronic contracts and electronic records by providing legal certainty for these instruments when signatories comply with its standards.

It is worth noting that binding arbitration clauses in standard form contracts (like between websites and their many users) are not legal in many jurisdictions (e.g. Australia) but are legal in others (e.g. USA).

After all, the difference in legal meaning and standard usage of a word can lead to confusion in a contract.

Thus, in keeping with the principle according to which the Convention only defines minimum standards which Contracting Parties are free to raise in their domestic legal system (Art. 53 of the Convention), such an opinion would be given without prejudice for EU law to go beyond the Convention protection level, a scenario explicitly considered by Art. 52 § 3, second sentence, of the Charter.

We have already seen technology begin to transform the legal space with online standard form contracts and dispute resolution.

One respondent said: «There seems to be more and more compliance / regulatory requirements and procurement groups are insisting on using their own form of a standard contract, which is often not appropriate for the services provided resulting in a much greater expenditure of legal time to address the issues.»

The legal solution often depends on the nature of the conflict: it may involve an employment agreement or a work contract, firing or layoffs, psychological harassment, an occupational injury, a breach of labour standards, a non-competition clause or a non-solicitation clause.

Document generation uses a single template to automatically generate standard forms, letters, contracts and other legal documents.

For a reasonable flat fee, I will review a contract * that is 5 standard pages or less and provide valuable legal advice.

Cost Savings from New Technologies and Approaches: When you implement new legal technologies or processes — say, improving the procedures for creating and entering into standard form contracts — you should identify the cost savings specific to that improvement.

Users can upload a contract to LawGeex.com, and, within a reasonably short period of time (an hour on average), they receive a report that states which clauses do not meet common legal standards.

Members of Chambers will also, if requested, provide their services on the Standard Conditions of Contract for the Supply of Legal services by Barristers to Authorised Persons 2012 which may be found at www.barcouncil.org.

Our lawyers have been instrumental in defining the market standard in a number of LNG related contracts and legal structures, and today we have a large team of lawyers with specialised LNG experience.

To reduce the burden on the legal department and free counsel to focus on business - critical contracts, the company created 300 standard contract templates with electronic signature capabilities.

Draft, review and negotiate «standard» and other employment contracts and provide legal advice, as needed, with respect to terminations, hiring and other employment - related issues.

Although you may find standard employment documents from websites or old documents you may have, we advise you seek professional legal advice from our team to ensure that the contracts are up to date and comply with the law.

The Managed Legal Services team is continuing to work with the client on automating additional categories of contracts and standard documents.

The IEEE, the world's largest technical professional organisation, and smart contract and blockchain consortium the Accord Project, today announced an agreement to develop «techno - legal standards» that will...

They have also announced the creation of Accord, a project developing legal and technology standards for the future of smart legal contracts with the support of the leading bodies that sit at the intersection of this nascent legal technology, including Hyperledger, the International Association for Commercial and Contract Management, and some of the world's leading law firms.

The legal characteristics of a franchise agreement are typically somewhat different from normal commercial contracts in that they are «contracts of adhesion», meaning they are drafted in a franchisor's standard form contact and are generally signed by the franchisee with little or no modifications.

The bank's standard deposit contract will have been drafted and carefully reviewed by their legal counsel.

His company leverages computers and technology to revolutionize the way standard contracts and other legal documents are created, which is transforming the way attorneys practice transactional law.

In MacDonald, the Ontario Court of Appeal explained why a standard of legal correctness should be applied to the review of a decision interpreting a standard form contract:

The Accord Project is an industry first that will facilitate the setting of much needed technical and legal standards for smart / computable legal contracts.»