LEGAL+ NEWS
Legal+ is now relying on legal tech in contract law and the intelligent, artificial intelligence-based digital contract management solution ContrAxs:
ContrAxs maps the entire life cycle of legal documents. Documents can be innovatively created, quickly and innovatively negotiated, digitally signed, automatically analyzed and finally managed through smart visualization.
For Legal+’s clients, this means greater security and efficiency when drawing up, negotiating, signing and managing contracts. By using the software, Legal+ expects faster processes, more efficient workflows and simplified processing of contract documents with clients.
We are convinced that the use of software from the field of artificial intelligence will further improve our advisory services for our clients. We are convinced that our clients will be able to enjoy a completely new way of working together in contract management.
About BlockAxs GmbH:
BlockAxs GmbH(https://blockaxs.com), based in Berlin, is a German legal tech start-up.
The company focuses on the development of a contract management system for the creation, negotiation and effective digital signature of contracts. BlockAxs combines legal know-how with disruptive technology. The team behind BlockAxs consists mainly of lawyers and computer scientists. Working closely together, they create high-tech modules that speed up and, above all, improve the quality of the day-to-day work of lawyers.
LATEST ARTICLES
Guide to GmbH law: The duties and liability risks of the managing director of a GmbH
In the external relationship, only the GmbH is liable, which can indemnify its managing directors. However, this does not mean that external liability of the managing directors is excluded.
In addition to personal liability in the area of tax and social security law, the managing director may also be liable on the basis of his own contractual obligations, on the basis of an induced legal appearance, on the basis of (personal) culpability when concluding the contract and in tort.
For the aforementioned reasons, every managing director of a GmbH is urgently recommended to be familiar with the requirements for proper managing director activities.
Estimation of fictitious defect rectification costs
For some time now, a landmark decision by the Federal Court of Justice has clarified that the contractual claim for damages in lieu of performance pursuant to Sections 437 No. 3, 280, 281 BGB can be assessed on the basis of the “fictitious” defect rectification costs that are likely to be necessary but have not yet been incurred, see BGH ruling of 12.03.2021, Ref. V ZR 33/19. In practice, it is of particular relevance how the court called upon to decide in an individual case is to determine the amount of such fictitious damage costs.
EUGH ruling “LKW Walter”
The possibility of being able to enforce one’s own rights as easily and quickly as possible in cross-border EU business transactions, which is very welcome in principle, has some pitfalls. The author’s experience shows that traders are often overwhelmed when they receive legally relevant mail from abroad. This is not least due to the fact that court documents received from abroad often do not meet the requirements of European law.
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