Don’t assume quitting means losing your performance shares, equity specialists say

The terms of the management team’s equity pool could include a “tail” that lets executives who leave reap their unvested compensation after the company is sold.

By Robert Freedman • Sept. 11, 2024

What to do when your CLM integration suffers a rough debut

Migrating to a sophisticated contract-management system often means glitches and a learning curve for employees. Here are some tips to mitigate the frustration.

By Justin Bachman • Sept. 10, 2024

Parties can contract around transfer of attorney-client privilege

The default in Delaware is for privilege to transfer to the surviving company post-merger but parties can agree to keep it within the target company, the state’s Superior Court says.

By Robert Freedman • Sept. 9, 2024

Getting ahead of third-party paper risk

A tech company is implementing CLM to give it visibility into potential liability from non-standard provisions it’s agreed to. 

By Robert Freedman • Sept. 5, 2024

What Hormel Foods learned from its contract management overhaul

For many years Excel spreadsheets and paper constituted contracting workflows at Hormel, which decided in 2023 to migrate to a CLM platform.

By Justin Bachman • Aug. 29, 2024

The easy way to protect against rogue deals

A simple notice can help ensure your company isn’t caught holding the bag if an officer enters into an unauthorized transaction, a legal specialist says.

By Robert Freedman • Aug. 29, 2024

Minnesota’s noncompete ban marked big win for Tim Walz

Minnesota became the fourth state to enact a law prohibiting noncompetition agreements under Gov. Walz, the Democrat’s vice presidential nominee. 

By David Weisenfeld • Aug. 19, 2024

Be a better negotiator of cloud contracts

Getting terms such as “blanket acceptance of updates” right is critical for organizations to protect their interests, as the CrowdStrike debacle shows.   

By Jeff Andrews • Aug. 9, 2024

AI’s first serious foray into legal may be contract review

Contracting consumes plenty of time for lawyers, so AI’s first broad legal use may be in this area, a survey finds.

By Justin Bachman • Aug. 8, 2024

Companies turn to AI contract tools to reduce external risks

Executives often overlook the importance of shrewd third-party contracting when managing their risk profiles, according to a legal tech panel.

By Justin Bachman • July 18, 2024

A big shareholder could outgun board in bill headed to Delaware governor

Corporate law scholars are concerned the bill will build into law a trend in which a founder or other key shareholder uses an agreement to exercise company control.

By Robert Freedman • July 15, 2024

Boeing would become a felon under DOJ plea deal

The aerospace and defense giant would plead guilty to one criminal count, pay a $244 million fine and operate under an oversight monitor for three years.

By Justin Bachman • July 8, 2024

How the right tools can enable GCs to remain a team of one

Incident IQ General Counsel Donato Latrofa says he’s the only lawyer the company needs even though it services some 1,600 customers throughout the United States.

By Robert Freedman • May 16, 2024

Negotiating limitations of liability when you have little leverage

In-house counsel have levers they can pull if they know the risk a deal poses to their company, contract specialists say. 

By Robert Freedman • April 26, 2024

SCOTUS finds transportation workers exempt from Federal Arbitration Act

By refusing to compel arbitration for drivers in Bissonnette v. LePage Bakeries, the Supreme Court clarified that job duties are the key in applying the FAA’s exemption.

By David Weisenfeld • April 24, 2024

Wolters Kluwer releases AI-powered contract querying tool

The company said its AI upgrades in Legisway will also integrate into the recently launched legal services portal.

By Lyle Moran • March 11, 2024

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