Going paperless: 8 steps to digitize your in-house legal team

posted in Cloud technology, Contract Management, E-signature technology, Entity Management, IP Management, Legal Risk Management, Legal Technology

In the most basic sense, going paperless means we use software to create documents, we send them via email instead of printing and mailing, and we store them in digital format instead of in filing cabinets. Replacing paper with technology saves us time and money, making us more efficient and effective. While the advantages of a paperless, digital office are hard […]

Do more with less: Bring IP Management in-house with the right tech

posted in IP Management

Patent filings are on the rise, but in-house IP management budgets are shrinking. That according to the annual “2017 Global Patent & IP Trends Indicator” report from patent filing services provider RWS inovia, which found that while patent filing are up 16 percent over last year, one-third of in-house counsel surveyed have dealt with IP budget cuts in 2016. To deal […]

Preparing your startup for due diligence

posted in Compliance Management, Contract Management, Entity Management, IP Management, Reporting

Preparing for due diligence can be an all-consuming task for a startup. A potential investor or buyer might demand a long list of legal documents: board meeting minutes, articles of incorporation, the top 50 customer vendor agreements, the historical ownership structure of the company, and more. It’s up to your team to pull everything together in a timely manner to […]

How GCs can better manage intellectual property registrations

posted in IP Management, Reporting

Are your intellectual property registrations at risk? Intellectual property – whether it is physical or digital – is likely one of your company’s  most important assets. Intellectual property (IP), like inventions, words, symbols or artistic work, are often the main sources of revenue for your business. And as such, they need to be protected. Registering IP rights including patents, copyright, […]

5 Things General Counsel Really Want To Happen Next Year

posted in Contract Management, General News, IP Management, Legal Technology

It’s the end of the year, which means that organizations are busy publishing the results of annual surveys and forecasting the outlook for the year to come. While any general counsel would appreciate ranking first in a “Top 5” list, here are five things they want to happen next year across the legal landscape.

Why Your Legal Department Needs an IP Management Module

posted in IP Management

Protecting your intellectual property is crucial to the success of your business, because it provides you with a competitive advantage. In a startup company, IP assets often add up to more than 90% of the value of the company and that’s not just limited to patents. IP includes copyrights, trademarks and trade secrets. Employees know that the best way to convince senior management of something is to lay out a business case. Simply stating the benefits or saying that a software will improve your life isn’t enough. Here’s how your organization can boost their ROI by using the IP management module from Effacts.