LegalOn Technologies releases contract editing tool featuring GPT

The software will assist in-house legal professionals with quickly reviewing various types of contracts and will enable them to collaborate with colleagues, the company said.

By Lyle Moran • March 1, 2024

When it comes to whistleblowers, no information is confidential

Confidentiality violations don’t apply to employees who go to the SEC with concerns, no matter how much companies want to keep some information under wraps.

By Robert Freedman • Feb. 27, 2024

Legal teams advised to deploy GenAI in ways that benefit the business

Regulatory compliance and contracting are two areas where legal’s use of generative AI could improve collaboration with other functions, an EY legal tech leader said.

By Lyle Moran • Feb. 21, 2024

Contractual obligations driving data privacy, cybersecurity upgrades

To secure work from business partners, more companies are having to get serious about having the right technical and legal safeguards, a specialist says.

By Robert Freedman • Feb. 9, 2024

Court won’t enforce arbitration agreement because employee signed ‘No refused’

The employee’s continued employment wasn’t enough to compel arbitration because the agreement expressly required her signature, the 11th Circuit said.

By Laurel Kalser • Feb. 5, 2024

Ensuring your contracts reflect the realities of remote work

Contract management can help legal leaders build in processes that keep their contract data secure and compliant as the work environment evolves.

By Benjamin Thomas • Feb. 5, 2024

75% of legal chiefs plan to implement generative AI tools, survey finds

Roughly two-thirds of GCs said they were comfortable with the use of AI for compliance monitoring, including 52% who said they were “very” or “extremely” comfortable.

By Lyle Moran • Jan. 31, 2024

Rep and warranty insurance said to speed M&A but claims can be slow

Buyers increasingly rely on the policies for deal confidence even though post-closing disputes can take 18 months to settle.

By Robert Freedman • Jan. 30, 2024

5 focus areas to improve contracting

Whether you implement contract lifecycle management software or take your existing process to the next level, the rigor of your legwork will impact the ROI you extract from your contracts.

By Sailaja Meesaraganda • Jan. 25, 2024

How sales perceives legal’s speed on contracts

31% of sales professionals say contract review reduces deal velocity and 24% say contract review isn’t necessary because an agreement is simple.

By Lyle Moran • Jan. 17, 2024

Scrollwrap is probably a safer choice than clickwrap for online contracts

And it’s best to be explicit that what’s being signed is a contract. Calling it “terms of use” is more nebulous, a court case suggests.

By Robert Freedman • Jan. 8, 2024

New York likely to pursue noncompete ban again in 2024

Not only do Democrats possess firm control of the state Legislature, but the governor could introduce her own proposal that would be attached to the state budget.

By Lyle Moran • Jan. 4, 2024

Why a business-first mindset is critical for in-house counsel

Having subject-matter expertise in the law is just the start of what you need to know to be the kind of partner executives want at the table, according to an Airbus affiliate legal leader.

By Robert Freedman • Dec. 18, 2023

New York governor voices concerns about proposed noncompete ban

Gov. Kathy Hochul said that she would like state-level legislation to permit higher-income workers to enter into noncompete agreements.

By Lyle Moran • Dec. 5, 2023

Clearlaw partners with Tonkean to support contract automation

Clearlaw, a contract intelligence platform powered by AI, previously announced collaborations with StreamlineAI, SimpliContract and PoseidonCM.

By Lyle Moran • Dec. 4, 2023

PayPal tackles chargeback fraud

PayPal is attacking illegitimate customer returns with new policies after a rise in e-commerce activity has fueled that type of fraud across the industry.

By Lynne Marek • Nov. 30, 2023

Earnout conflicts show need for clear contract language

Tying some payments to future performance can help close M&A deals but the terms can spur lawsuits if the buyer and seller aren’t on the same page about what they agreed to, attorneys say.

By Robert Freedman • Nov. 27, 2023

Consistency called key to avoiding SEC whistleblower fines

The agency’s focus isn’t just on separation or severance agreements; other contract areas – and even non-contract materials like handbooks – can have non-compliant language.

By Robert Freedman • Nov. 20, 2023

How AI can level the playing field among law firms

AI will undoubtedly help to erode the competitive barriers that have long entrenched big law firms at the top.

By Richard Robinson • Nov. 17, 2023

How a tiered system handles hundreds of contracts a month

Only contracts presenting novel issues require legal team involvement, positioning the deal desk at software company OutSystems to scale along with customer growth. 

By Robert Freedman • Sept. 26, 2023

Bad contract drafting lets executives off noncompete hook

Executives didn’t violate an equity agreement by joining a competitor because the noncompete clause applied to the parent, not the operating company.  

By Robert Freedman • Sept. 25, 2023

Morgan Stanley faces $750M lawsuit over rail-line lending

Two private-equity firms accused the bank of breach of contract and fraud over the restructuring of a deal involving investments in a loan to high-speed rail operator Brightline Holdings.

By Gabrielle Saulsbery • Sept. 19, 2023

How to avoid violating CCPA when sharing employee data

If companies don’t have the right contractual arrangements with their vendors, sharing data could be construed as a sale. 

By Robert Freedman • Sept. 15, 2023

Drafting contracts, flagging risk called top legal GenAI uses

Although the tools can introduce risk if they’re not set up and maintained with discipline, there’s risk to not deploying the tools if team members use them on the side, tech specialists say.

By Robert Freedman • Sept. 14, 2023

California acts on noncompetes, caste discrimination

The noncompetes law expands the ways in which employees can challenge such agreements in the Golden State, according to attorneys.

By Ryan Golden • Sept. 11, 2023