article thumbnail

What is Lease Abstraction? Overview and Techniques

Nanonets

Not just that, they are filled with legal jargon and clauses requiring specialised knowledge, making manual data extraction time-consuming, error-prone and generally inefficient. Insurance and Indemnification: There are insurance requirements for both parties and provisions for indemnification in case of damages or legal claims.

article thumbnail

Mastering S-1 Filing Requirements in Your Pre-IPO Journey

FloQast

This section provides the name of the law firm that approved the legality of your registration statement. This includes indemnification of directors and officers, recent sales of unregistered securities, and other expenses of issuance and distribution. Interests of named experts and counsel. Information with respect to the registrant.

article thumbnail

When Vendors Open Doors To Cyberattackers

PYMNTS

The majority also said they have policies in place that allow them to initiate legal or monetary consequences on their parties in the case of a data breach, including contract termination, lawsuits and financial reimbursements. The report follows research published last November from Opus, which surveyed security executives in the U.S.

article thumbnail

Could A Bank-On-Bank Patent War Be Looming?

PYMNTS

Banks that rely on third parties for check processing should review their contracts with service providers to ensure that proper indemnification language is included in the governing agreements.”.

article thumbnail

Sizzle Or Fizzle: Walmart Pays Pays Off, Marketplace Lending Falls Off

PYMNTS

Consider that the equity issuance comes as a way to be released, largely, from legal claims that may come in the wake of disclosure about internal and other business practices. . Other investors might be wary of coming on board only to be held captive to a possible agreement down the line, seeking indemnification should troubles continue.

article thumbnail

AI Advancements in the Adult Industry

Segpay

The legal and financial risks will increase as Generative AI advancement creates more valuable adult products and experiences. Many companies are beginning to integrate AI monitoring systems into their operations, requiring written indemnifications from their data and service providers to protect themselves from legal liability.

AI 52