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Fraud Claims in Purchase and Sale Transactions
Buyers and sellers of real estate must consider how legal principles pertaining to fraud might affect sellers' liability for any false statements made in the context of their transactions.Justin Vergara Says Aloha to Cimplifi as New VP, Head of CALM Managed Services
Cimplifi's go-to-market CALM offering combines contract analytics and lifecycle management for a new kind of managed services.Five-Year Contract Gives 13% Increase, Signing Bonus, to Thousands of Court Workers
The CBAs affect all of the nearly 15,000 non-judicial employees who are represented by unions, as well as employees who are designated as management or confidential by the Public Employment Relations Board, OCA spokesman Lucian Chalfen said.Judge Dismisses Lawsuit Over U.S. Utility's Long-Term Deals
The lawsuit filed in August 2020 argued that 20-year deals signed by most of TVA's customers lock the power distributors into exclusive contracts with the TVA and "will forever deprive distributors and ratepayers the opportunity to renegotiate with TVA to obtain cheaper, cleaner electricity," according to the Southern Environmental Law Center, which filed the suit for three plaintiff groups.Ironclad Announces AI Assist, Leveraging OpenAI's GPT-3 to Redline Contracts
For now, AI Assist is in beta form, with an official launch to all of Ironclad's consumers coming soon.View more book results for the query "*"
'Best Efforts' Clauses in Commercial Leases
The enforceability of undefined terms such as "best efforts" often turns on how the commercial lease is drafted. This article discusses how New York courts interpret and enforce these "efforts" clauses.Seaboard Marine Sues American Clothing for Alleged Breach of Maritime Contract
This suit was surfaced by Law.com Radar. Read the complaint here.CLM Provider SirionLabs Lays Off 15% of Global Workforce in Pursuit of Profitability
SirionLabs "has to shift its business strategy toward profitability due to the current macroeconomic environment, and this will result in downsizing," said founder and CEO Ajay Agarwal.Agiloft Releases ConvoAI to Allow Interactive Conversations with Contracts
The feature is available to customers on Agiloft and Microsoft Teams' interfaces. Agiloft's chief product officer said the company hopes the tool will ultimately be used by all members of an organization—not just contract professionals.