Corporate Legal

Technology - I
S E S SION 1
Contents
1.Contracts 03
2.Digital Signatures 08
3.Data Mining 13
4.Compliance 17
5.eFilings 22
6.AI and predictive coding/analysis 24
01
CO NT R ACTS
Contracts
Electronic Contracts
•Legal document created and signed online
•digital version of a traditional paper contract - As with
paper contracts, eContracts are agreements
•signed by two parties
•enforceable and legally binding documents
•typically used in employment, sales, services, or tenancy

With a typical paper contract, one party drafts an “offer” and the other party reads over it. If both parties agree to the
terms and conditions listed in this initial offer, they will each sign the document and it becomes a valid contract. Each par ty
must hold up to their end of the agreement or they face the risk of legal recourse. This is no different with an eContract.
Although a paper copy is not presented, a digital signature still enters both parties into a legal agreement.
Contract Lifecycle Management
Contract Management Softwares
02
DIG ITA L S IG NATURES
Digital Signatures
•Governed by the IT Act (2000)
•Have the same legal status as handwritten signatures
•IT Act recognises two kinds of e-signatures:
◦ E-signatures that combine an Aadhaar with an eKYC service
◦ Digital signatures that are generated by an asymmetric crypto-system and hash function
 What makes an e-signature valid?
Here are the 5 criteria that e-signatures must satisfy in order to be valid, as per the IT Act:
1. They must be uniquely linked to the person signing the document. This condition is often met by issuing
a digital-certificate-based digital ID
2. At the time of signing, the signer must have total control over the data used to generate the e-signature.
Most online e-signature service providers allow signers to directly affix their e-signature to the
document in order to meet this requirement
3. Any alteration to the affixed e-signature or the document to which the signature is affixed must be
detectable. This can be done by encrypting the document with a tamper-evident seal
4. There should be an audit trail that details steps taken during the signing process
5. The digital signature certificate must be issued by a Certifying Authority (CA) recognized by the
Controller of Certifying Authorities (CCA) appointed under the IT Act
Digital Signatures – How?
Digital Signature Vs Electronic Signature
Digital Signature Service Providers
03
DATA MINING / DATA A NA LYTICS
Data mining – What?
Data mining is the process of analyzing massive volumes of data to discover business intelligence that helps
companies solve problems, mitigate risks, and seize new opportunities
https://flowingdata.com/projects/2015/timeuse-simulation/
Data mining – Why?
Data Mining - Software
Data Mining – How?
04
CO MPL IANCE
Compliance – What?
Compliance is the act of adhering to requirements, standards, or regulations.
Compliance – Why?

•Regulatory Compliance: the steps an organization takes to comply with relevant external laws,
regulations, and guidelines.
•Corporate Compliance: the actions and programs an organization sets in place to ensure compliance
with internal policies, procedures, and accepted behaviour, as well as external regulations
Compliance – How?
Compliance Software
05
e -F IL INGS
e-Filings
eFilings
06
A I A ND PR E DICTIVE CO DING /OUTCOMES
AI and predictive coding/outcomes
•Legal Research •Document Automation
•Case win Analysis •Billing and Timekeeping
•eDiscovery •Due Diligence
•Appointing Outside counsel •Personal Legal Assistants
•Contracts •Chat-bots
•Proofreading
Thank You
ANY QUESTIONS?