Aeren LPO

Post COVID-19 the world will be different from how its been doing contracts and business. The extent of the change is not completely known currently, however the change in perspective everyone will agree too. So how do we reflect the shifting contracts in respective business standards? True the changes for the future begin with contract drafting. Let our checklist some points we would like to focus on and bring attention to future contract drafting. The first thing that comes with drafting is the pre-standard templates the organization has been referring to include factors in the business standard clauses, T&C regimen. Once you have the template, check out for what additional drafting will be added in the contracts for further adding value to them and implicitly protect you from risks covering various factors starting with this COVID-19 pandemic. Check for clauses that factor in overall risk mitigation. Start with Force Majeure and analyze what umbrella of eve...

In the wake of the ongoing pandemic COVID-19, governments have mandated for the temporary closure for non-essential commercial business activities, to control the rising numbers of COVID-19 positive cases and keep people safe. This measure, however, has put an enormous burden on people leasing and renting commercial establishments. With now everyone being in incessant lockdowns it becomes more speculating for tenants and owners on how they approach this issue from contract management services sides in a way that benefits to all. The plausible reasons anyone under lease contracts will encounter are:           Businesses have slowed down or completely shut down depending on places putting their lease obligations in a state of turmoil. Currently, owners and tenants are in a vicious circle of non-payment of rents resulting in non-payment to bank lease loans for owners. Both the above situation has led both tenants and owners to review their lease ...

How Good Can Contract Management Save You From Breaches and Litigation Time and again, we have always known contracts are very significant and indispensable for business. Contracts are even the starting line from where everything moves forward. If these contracts are not taken care of adequately to the fundamental basis of their existence there are serious consequences that it might lead to and when this happens it becomes very difficult to untangle you from the unfavorable outcomes you get to face or have to overcome. Beginning with we will see how this breach comes into your business. The contract, when created for small and medium business, have the following features: Comparatively fewer contracts in numbers than huge corporates. There may be an in-house team just enough to handle their average number of contracts. A limited number of Attorneys. The only disadvantage they could face is: Only if the in-house team is not competitive enough. Do not have a co...

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...

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...

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...

  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...