The primary goal of the cannabis Safe is to address the regulatory complexities that come with raising money in the industry. For example, depending on whether a company is raising a priced round (i.e., selling equity at a fixed valuation) or a convertible security round (i.e., a Safe or convertible note), each triggers different regulatory reporting and/or approval processes.
Delta Model is an agile competency model for the 21st-century legal professional that reflects and visualizes a more holistic set of knowledge and skills. To be sure, this model and set of knowledge and skills won’t address decades, if not centuries, of flaws overnight.
I quickly realized two things: First, I needed to speak to some experienced general counsel to get their advice on building a legal department from scratch. Second, given the breadth of my responsibilities, I would need to streamline our legal operations so that contracting was never the bottleneck in our sales and business development efforts.
The future is here much sooner than anyone in the legal profession might have expected. For years, we have seen how due diligence and document review could be sped up through technology. Skype, and now Zoom, had been tentatively used in teleconferencing but had not penetrated into the courtroom. Artificial intelligence has just begun to work in the legal environment.
OpenAI is an artificial intelligence (AI) research and deployment company that started in 2015 when Elon Musk, Sam Altman, and others formed the company and pledged more than one billion dollars. As an AI research laboratory and company, OpenAI has one of the most advanced AI language model producing human-like content. Lawyer and legal technology entrepreneur Justin MacFayden explains how OpenAI tries to use its Terms of Service to create a sharing culture, while still imposing ethical and legal limits.
Home solar panels are a huge business and Tesla is constantly in the news with their new solar panels and technology. In this episode of Contract Teardown, business attorney Jeffrey Pomeranz digs into Tesla’s solar panel Purchase Agreement. This is a large purchase for the homeowners and attorney Pomeranz shows how a poorly drafted contract can get in the way of the sales cycle.