CASE STUDY: How MSD improves contract management with effacts

posted in Cloud technology, Computable Contracts, Contract Management, Entity Management, General Counsel

For companies operating several departmental databases, there is the prevalent issue of decentralized contract management whereby contract information is scattered around the buisiness. And should a potential investor come along or a merger take place, that issue becomes a big problem – especially for the legal department. This very well could have been the case for Elisabeth Hondius, legal head […]

Effacts Event in Amsterdam

posted in Computable Contracts

We are organizing an event on the developments in the area of LegalTech. The date is January 29th, 2015 and the location is Amsterdam. Our CEO Harm Bavinck will first share his experiences in Silicon Valley and give a presentation on his study at Stanford. In addition, a number of clients including Stan Beckers (BAM), Max Hübner (PGGM) and Jan Willem Prakke (Schiphol) will share their vision on how legal technology will change their work in the next years.

Computational Law: the next logical step in the legal system?

posted in Computable Contracts

On April 30th, CodeX – The Stanford Center for Legal Informatics hosted the third annual FutureLaw 2015 conference, which focuses on how technology is changing the landscape of the legal profession and law as a whole. The program brought together academics, entrepreneurs, lawyers, and policymakers at the forefront of the technological transformation in the industry. Effacts CEO Harm Bavinck participated in a panel on “New Breakthroughs in Computational Law,” that covered issues relating to computable contracts, open data and legal applications of the blockchain.

The origin of smart contracts

posted in Computable Contracts, Contract Management

In 1997, Nick Szabo wrote a visionary article on smart contracts. Today, we are witnessing a revolution in the concept of contracts based on this work. Bitcoin, Ethereum and other cryptocurrencies are developing the next generation legal networks that will help us create smarter contracts.

Harm Bavinck on the expert panel at the IACCM conference

posted in Computable Contracts

Our founder Harm Bavinck was last week on the expert panel at the annual conference of the IACCM. The topic was "5 Predictions for Procurement, Sales/Commercial, Contracting, Legal, BPO & Technology". Very interesting predictions were shared with the audience by the experts from General Motors and Microsoft. Harm Bavinck predicted that we will see a world of self managing contracts in the near future. New technologies will disrupt the way we create, approve and use contracts. Today, you can already see self driving cars in the streets of Silicon Valley. His prediction is not really science fiction.