William S. Veatch

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Newly-effective California law requires a non-bank provider of commercial financing to present its financing recipient with certain consumer lending-style cost disclosures at the time when making an offer of commercial financing, and to obtain the recipient’s signature on the required disclosure before consummating the financing. While effective now, parties need not comply with the new law for an undetermined period of time. California Senate Bill 1235 was approved and filed on September 30, 2018, creating…
Click here to see a demonstration of a simplified “AI and the Law: Data Contract”: https://lnkd.in/gRNDBk2  and the Companion Software Application.  This demo shows how we can access contract information stored as fields of data on the Microsoft Azure cloud.  (I use a credit agreement as an example, but the same principles work for any contract.)  With the increased focus on digitization of contracts in financial services, healthcare, shipping, energy, entertainment, and other industries, efforts…