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Top 10 Essentials of a Contract

Contracts are an integral part of any agreements, business, and organizations. Unlike in the lore’s where the word of someone is perceived to be as good as inscribed on a stone, the world now better relies on actual contracts written to the minutest of terms of conditions specifying every possible turn of events in the contract to avoid unfathomable futuristic risks and disappointments and in business terms - Losses. 1.  Offer and Acceptance        Before a contract is to be drafted and finalized the right set of offers that will make into and reflected in the contracts needs to placed on the table for everyone to know and accepted before it makes to the contract.   2.       Consent of both the parties. A contract's strength lies in adhering to it in both good times and bad times. For that to be achieved the contract is made in such a way that both the parties mutually agree to every terms and condition and stand by...

What do you have to know about Contracts of Software?

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Contracts in the world of software have a niche for them popularly recognized as Software Development Agreements, End User License Agreements, Software License Agreements, Terms of Service, and Privacy Policy. It specifies the involved party's legal duties to each other if any dispute arises and find ways for amicable and agreed solutions. What is Software Development Agreement? The Software Development Agreements are in essence where one party, an actual developer or a software industry developing the software agrees to develop a software application for another party who is the client. What are End-User License Agreements? End-User License Agreement (EULA) is an end-user license contract by the author of the software and the user of the software. The user has his/her own tendency of freedom to deny acceptance to the terms and conditions and can promptly click ‘Do not agree’ or ‘I Agree’ during install. Breaching EULA is not binding to the law unless it mee...

What goes beyond a EULA in Singapore?

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End-User License Agreements, EULA defines your right over your content. Your idea, your life’s work, the creation of software everything becomes your Intellectual Property. When someone does not need to use the content in whole or in specific operations they are bound by EULA. EULA works both ways for the user as well as the owner of the content. End-User License Agreements  can specify the extent to which the IP rights are granted to other users in terms of stipulations of license. LICENSE AGREEMENTS The license agreements according to their varying user terms and conditions can be classified into: ü   Non-exclusive ü   Transferrable ü   Sub- licensable ü   Royalty-Free The license that is granted will be delivered as: ü   Paid-up License ü   Single Named User License ü   Network License ü   Subscription License Licenses give the owner and the third party the viable flexibility to work with te...

Mine the Gold in the LPO Now!!!

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  Legal Outsourcing cannot be ignored or kept procrastinating any more than now! Would anyone think only of the landline connections when you have Alexa now? As important and robust once and still it is we have new ways of making life simpler, smoother and faster.  So why not find your Legal Outsourcing partner and just ask as you do with Alexa and leave the rest of your enormous legal workload for outsourcing and carry on with what you should really be doing. Your reputation and revenue-generating clients need to be your all-time goal. Talk to them, engage them, be with them giving legal support which we bet will give you much higher returns than slogging in your desk all day. The desk works leave it to us, and we value you more as you value your clients. We get the work done; keep you updated all the time, give you faster results. And we don’t even burn any holes in your pocket or for that matter, your organization. How much better can this get? Wheth...

Work Quality of LPO

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The reason for the increase in shift towards Legal Process Outsourcing is a desire by law departments and firms to elevate efficiency, improve predictability and reduce costs in the fast growing economy. With this inclination it has become a prerequisite for outsourcing companies to provide a quality of work which speaks competence and efficiency for the optimal benefits of the client. Outsourcing companies assure this quality by implementing globally recognized certification processes like Six Sigma and PMP, providing a low-risk outcome. Legal Process Outsourcing services hire people who have skilled and in-depth knowledge about the services which raises the efficacy of the final product provided. Complete scrutiny is applied while assigning tasks to these employees, as to the best suitable person is provided with the work in which he has a certain level of expertise to curtail maximum efficiency.  The work delivered by these professionals finally goes through...

Protecting Client Confidentiality in an LPO

A conflict of interest arises when the considerations of one party is to the disadvantage of another. A certain situation can present itself where an attorney has his own personal interests vested which can lead to an adverse outcome sought by the client, here he has a duty to not represent the client under the Code of Professional Responsibility. Privileged communications and confidentiality of information are the core principles that contribute to the trust that is the hallmark of the client-lawyer relationship. The same is followed diligently within an LPO, making sure there is no compromise towards the client’s private data in any manner. The San Diego County Bar Association Ethics Opinion 2007-1 states that an additional duty of an attorney who outsources work, whether within the US or abroad, is to “maintain inviolate the confidence, and at every peril to himself or herself, to preserve the secrets of his or her client.” Attorneys at LPO companies put a constraint...

The Role and Scope of LPO

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Legal Process Outsourcing (LPO) is a fairly new concept in the Indian legal community.  LPO comprises of the things that lawyers have to do on a regular basis, due to which the amount of secondary legal work tends to pile up. To explain an LPO, it is an Industry where legal firms in countries like the US,UK outsource their work to countries like India, which primarily includes: Drafting, Legal transcription, business/market research, Litigation support, Document drafting like standard contracts, agreements, letters to the clients, patent applications; putting focus on these services by the law firms themselves can eat up time and effort that can otherwise be spent on representing clients in the court, providing legal opinions and approving the final legal drafts of contracts to name a few. Since 2003, in India alone, the number of companies offering legal process outsourcing services to U.S. and U.K. law firms has grown to over 120. The core indulgers that usually prefer...