With different data, corporations need an electronic discovery (eDiscovery) program. This is for seeking digital information for a case evidence. However, having something filed in court is not a necessity. A good eDiscovery program legally and financially protects businesses. CDSlegal has award-winning defensible technology and processes during eDiscovery.
Information now runs from e-mails, instant messages, word files, spreadsheets… Don’t forget electronic content of desktops, laptops, servers…
A good use of eDiscovery is during mergers and acquisitions. Merging of companies is done for a bigger market share. However, at risk is the stakeholders’ Intellectual Property or IP. Securing the IP is very important to this type of business move.
IP in Mergers and Acquisitions
Mergers and acquisitions, M&A, involve all asset transfer. Usually, these assets are viewed only as the tangible ones. However, IPs are important to any business and need reviewing. Many get this review process in M&As wrong. If overlooked, as usually happens, millions of revenue are lost. The seller should bring in an experienced IP counsel. Together with their M&A counsel, a successful sale happens.
Lack of IP eDiscovery affects negatively any business. What if after buying a company, another got your trademark? Remember what happened to Volkswagen? It bought ROLLS-ROYCE in 1998. But they devastatingly found out BMW got the ROLLS-ROYCE trademark. If eDiscovery was carried out, Volkswagen would have prevented this. eDiscovery analyses electronic data connected with situations like M&A. In fact, legal professionals attest all cases involve electronic evidence. Need for electronic discovery doubles every two years. It’s the weapon in modern litigation.
Now, CDSlegal bridges the gap between IT and Legal. Imagine having a complete discovery solution and legal working together. Now, it’s how evidence relevant to any dispute gets collected. Your IT answers the other company’s legal questions without delay. eDiscovery and the benefits of using it happens faster.
Benefits of Hiring the Correct eDiscovery Company
State bar ethics committees are requiring familiarity to eDiscovery. So unless you want more work, get an expert.
* If included early, your expert would know the best move. He can figure out what data are needed. Knowledgeable with many tools, he can expertly verify information.
* Your eDiscovery expert will save you money. Many ignore eDiscovery’s necessity with saving money in mind. However, when things in court heat up, there’ll be trouble. Painstakingly examining documents manually is going to rack up bills. Your expert uses the correct program saving you money, too.
* A company with an ISO Security Certificate follows confidentiality. Look for ISO 27001 certified hosting. This protects both your hard and soft data. A number of major security certifications would also prove resiliency. Their security protocol runs from infrastructure down to your documents.
* The U.S. antitrust law prevents anticompetitive mergers or acquisitions. It requires companies valued above $78.2 million a review. The Fair Trade Commission and Department of Justice conduct this. During M&A-related inquiries from the FTC, you need serious eDiscovery.
Complete Discovery Source (CDS) is the leader in eDiscovery. In fact, CDSlegal uses advance and tested processes. Want long term viability for your business? Let CDS manage your digital data and assist in litigations. Have the information the other party has. Be prepared. Hire an experienced eDiscovery expert. For further information go to http://cdslegal.com/