Commercial and Contracts

Within the next 12 to 18 months, it is anticipated that all 50 states will enact the Uniform Commercial Code (UCC) 2022 Amendments, including the new UCC Article 12. The UCC 2022 Amendments introduce significant changes and additions to the existing framework. Specifically, they establish: (a) A new asset category called "Controllable Electronic Record" (CER), which includes digital assets with specific characteristics such as cryptocurrencies (e.g., Bitcoin and Ether), NFTs, stablecoins, and others. (b) Rules designed to protect good faith “purchasers" of CERs, enabling them to acquire these assets free from competing property claims. (c) An exhaustive regime to create and perfect security interest in CERs and asset-specific priority rules. In addition, the UCC 2022 Amendments introduce new rules aimed at simplifying the commercial use of electronic documents of title, electronic chattel paper, and electronic negotiable instruments. These reforms are of great importance as they impact the private law regime for the buying and selling of digital assets, as well as their use as collateral. This program will focus on highlighting some of the key changes that are particularly relevant to in-house counsel.

This program originally aired on October 3, 2023. Please note that the on-demand format of this program is not eligible for CLE/CPD credit.

Join ACC-AZ Chapter

Dickinson Wright & Ogletree Deakins

for a CLE Program & Lunch

Agenda:

8:30 am – 8:55 am - Check-in, Networking & Morning Refreshments

8:55 am – 9:00 am - Welcome & Announcements

9:00 am - 10:00 am:  Recent Developments in State & Local Taxes - Dawn Gabel

10:05 am - 11:05 am: Help Us Help You: Working with Outside Litigation Counsel - Scot L. Claus and Alexandra Crandall

11:10 am - 1:15 pm: Employment Law Topics - Ogletree Deakins

This webinar is an invaluable opportunity to see strategic contract management in action!

ACC Northeast invites members to join us as CobbleStone demonstrates the cutting-edge capabilities of AI-based CLM software - tailored to meet the sophisticated, ranging needs of in-house legal professionals.

Presented as a use case scenario, CobbleStone will explore how the latest advancements in legal technology will help streamline your legal operations.  Members are encouraged to invite their teams as this session will be useful to general counsel, corporate counsel, paralegals, and other legal professionals as they:

•  automate contract drafting with AI;
•  enhance compliance;
•  optimize risk management.

Discover the trusted modern tools that empower legal departments to efficiently and effectively manage contracts from inception to renewal or expiration.

With CobbleStone Contract Insight®, you can take control of your contracts and legal operations.  After the demonstration, you will have the chance to engage in a question-and-answer time with CLM software expert, Michael Gormley Jr.

Ready to see contract management software in action?  Sign up today.

Join ACC, AZ Chapter & QUARLES

for a CLE Program & Lunch

Schedule:

8:30 am - 9:00 am: Check-in, Networking & Morning Refreshments

9:00 am - 10:00 am: Refinancings for Maturing Loans in a Tight Credit Market

10:05 am - 11:05 am: Ethics Topic - Cyber Incidents and Their Ethical Implications

11:10 am - 12:10 pm: Building Contracts that Avoid Future Litigation

12:15 pm - 1:15 pm: Emerging Trends: Delving into Current Issues Facing In-House Counsel

12:15 pm: Lunch

Join us for networking and happy hour at an exclusive event at the California Club in Downtown Los Angeles and learn about indemnity basics, case applications, and indemnity checklists. Hear from Melissa Zujkowski, VP, Global Litigation & Disputes at Flex and Edward Castro, Global, Associate General Counsel at Cushman & Wakefield in a fireside chat format. Hosted by Husch Blackwell LLP and moderated by Partners Mhare Mouradian and Jason Fathallah.

AI is reshaping the legal as legal departments look to work more efficiently and lower operational costs.  But what does the future of legal AI actually look like?  Join ACC Northeast and Summize for this insightful webinar, where our panel will explore the impact of Artificial Intelligence on the dynamic landscape of in-house legal work, including the changes in contract review processes, due diligence and legal operations.

What does the future hold for contract negotiations and review?  Will it be entirely automated, with AI redlining documents for you?  Does AI have the capacity to generate new contractual positions and construct playbooks?

To answer these questions and more, our panel will include Jonny Jessop, Solutions Architect at Summize and Ruchi Sisodia Shah, ACC Northeast Board Member and Corporate Counsel at Boston Scientific.  Join them to explore the potential of legal operations through AI-driven contract management.

Don't miss this opportunity to re-imagine your contract and data management strategies with Summize's groundbreaking insights and innovations. Discover how you can take the first steps to leverage AI to lower operational costs, enhance efficiencies and so much more.

• Delve into the intricacies of your current contract review process to discover if and where AI is integrated, and how this can revolutionize your workflows.
• Uncover the potential of AI in legal research and translation as our experts discuss real-world applications.
• Shift your perspective on due diligence - locate your legacy contracts efficiently, understand their content, and learn about best metadata use and storage practices.
• Gain insights into managing contracts with practical checklists and explore the transformative impact of AI on reporting frequency and contract data analysis.

Register below.  Dial-in information will be provided 24 hours prior to the webinar.

From contract inception to breach to litigation, businesses need to manage risk and preserve rights and remedies in the event of a dispute.  In evaluating risk of loss, or whether litigation is an appropriate strategy, it is imperative to understand rights and remedies under applicable law, as well as the ability to contractually shift or limit them.

This presentation will provide comprehensive guidance on the rights, remedies and damages under applicable law including the Uniform Commercial Code (UCC), and when consequential damages, incidental damages, liquidated damages, lost profits, and equitable remedies are available and can be limited or shifted. The panel will also discuss the impact of default penalties and attorneys’ fees provisions.

Thank you to Shumaker for sponsoring this event!

Questions: Kathleen Smits at charlotteAED@accglobal.com

All registration links are located in our weekly email.