In a recent legaltech implementation project, InvestCEE LegalTech Consultancy and our LegalTech Marketplace vendor Dealsign brought end-to-end digital contract management to a leading player in the CEE region's online food ordering industry. In a multi-disciplinary teamwork that included our client's operational, legal, HR and IT departments, the project focused on shifting from paper-based traditional contracting (with ink-on-paper signatures) to 100% virtual contract management.
Since year 2000, June 30 marks the anniversary of the ESIGN Day in the United States. As eSignature is increasingly part of everyday business life on a global scale, the ESIGN Day is becoming a cause for celebration in various jurisdictions across continents. At InvestCEE we view electronic signatures as a true cornerstone of digital transformation and are delighted to take part in the second eSign Day Conference to be hosted in Hungary in 2022.
At the end of 2020, EXE.legal, a Lithuania-based specialized law boutique, and InvestCEE LegalTech Consultancy, a legal innovation advisor, have announced their cooperation agreement on consultancy services aimed at law firms and in-house legal departments with a focus on deploying legal technology solutions. Since then, the collaboration has kicked off with full speed, Dr. Paulius Astromskis, Managing Partner at EXE.legal, and Dr. Orsolya Szabó, CEO of InvestCEE LegalTech Consultancy, shared their take-aways from the past few months.
Unless carefully planned, all the value added at the contract negotiation and electronic signing stage disappears as soon as the executed contract gets randomly filed. Smart contract management in the post-signature stage is necessary to harness the benefits of contracts in an organization. We’ve condensed our best practice tips in this 5 step plan based on InvestCEE LegalTech Consultancy’s experience with digital contracting processes.
In November 2020, InvestCEE LegalTech Consultancy in collaboration with Hungarian digital law firm SimpLEGAL issued a practical guide on e-signing in Hungary. e-Signature is a key aspect of digital transformation projects, yet we found that there is still lack of clarity as to the legally binding effect of e-signing tools in a given jurisdiction. In the report, we analyzed six locally available, electronic alternatives to traditional ink-on-paper signing and also briefly looked at international, borderless platform solutions. This blog post summarizes the key take-aways and provides free access to the full report.
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