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Brown Rudnick BLOGS

Welcome to Brown Rudnick’s blog page.  Below you will find our Emerging Technologies and Government Contracts blogs.  To read our Real Estate blog, Get Real! Keeping Real Estate Professionals Ahead, please visit www.getrealestatelawblog.com.

The views expressed herein are solely the views of the author(s) and do not represent the views of parties represented by the blogger(s) or the views of Brown Rudnick LLP or parties it represents.

10 Primal Particular of a High-quality Virtual Data Contractor

Posted on Friday, May 13, 2016

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VDRs are becoming more and more demanded among deal-makers all over the planet. Investment bankers, lawyers and top managers of companies are interested in the convenient and protected room to keep their data and to fulfill many transactions. Thus, at the present moment, virtual room providers seem to offer highly useful programs as sophisticated rooms are able to fulfill the needs of the most demanding and difficult businessmen. All in all, virtual repositories have to bring the ease to complicated processes ran by firms, organizations, etc. The following pluses VDR users might experience while working with a virtual data room:

Security of the information

A virtual data room is expected to protect secret and sensitive corporate files. The files are encrypted, watermarked and remain non-accessible for individuals who do not have credentials to enter the room. The user verification requires different stages to reduce the threat of, in example, access with the help of stolen mobile phones. Therefore, the data is secured from external intrusions and internal misuses. Also, backups performed on a regular basis secure information from loss in a case of breakdowns.

https://security-online.net/virtual-data-room/

Time savings

A VDR can be entered by different VDR users at once: this trait provides employees with a chance provides employees with a possibility to explore the data simultaneously. Moreover, advanced functions of the platform (search, upload, integration with certain software) save a lot of time when it comes to fulfillment of the automatic and habitual actions.

Saving you money

A setup of a virtual room costs less than an opening of a regular data room: there is no need for renting a space, making hard copies of documents. Moreover, less safeguards are needed to guarantee constant monitoring of the virtual platform.

Convenience of exploitation

Intuitive interface is a characteristic that makes exploitation of a VDR rapid and effortless. In a case no specific coaching is to be performed room visitors have an opportunity to work inside the VDR easily and concentrate their attention on their duties, not on the technical traits inherent to the virtual platform.

Well-prepared data system

A virtual repository administrator is the one to impose certain logic on the systematization process: all the virtual copies of the files have to be classified. Efficient search instruments such as full-text search and filtering capabilities guarantees that file system will be simple to utilize. Also, users can have a right to put links from a certain file to another and to distinguish favourite documents.

Restricted accessibility

A virtual platform allows its owners to define what kind of VDR visitors has a chance to browse what documents and how long for. That is why, there are numerous levels of information disclosure and limits can be imposed on the diverse VDR users, groups, files, folders, etc.

Simplicity of cooperative work

As long as it is possible to make a platform accessible for all the users who possess a login and a password, it is more convenient to stay in touch with the business partners. It is not required to meet face-to-face in a case all the files may be shared and discussed via a virtual data room.

Transparency

Audit reports that are delivered on a regular basis allow the room administrators to follow all the actions of all the users working in a virtual repository. Therefore every action which took place in the room was included in the report and in a case of misunderstandings, unauthorized data sharing or other troubles the report might perform the role of evidence.

Legal compliance

Virtual platform providers are being in charge of making all the files stored in the virtual room consistent with the legal regulations and rules. That is why, the VDR administrator is not supposed to be anxious about the required file formats and certain legal misunderstandings.

Immediate support

A well-prepared support team and a dedicated project manager are supposed to consult visitors who work inside a room within seconds. It helps to get rid of abrupt malfunctioning and to prevent a possible breakdown. The benefits listed above allow you to realize how a decent repository will facilitate your work and help you in a course of different deal-making processes. Along with these functions, many rooms will provide you with innovative and unique options. However you have to be sure in your requirements and to pay attention the virtual repository that does not want to deluge you with weird abbreviations and impress you with the functions that you do not exploit. So, be attentive and select the virtual room that fulfills your requirements.

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Mobile App Privacy: Five Things Businesses Can Do To Stay Out Of Trouble

Posted on Friday, Dec 21, 2012

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The business case for offering a mobile app can be compelling: an app can give a business a constant presence on its customers’ mobile desktop, building brand awareness and allowing easy and direct interaction.  But businesses that roll out apps need to pay attention to privacy rules, too, as the recent enforcement action by California’s Attorney General reminds us.

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Ten Chief Characterization amidst a High-quality Virtual Information

Posted on Wednesday, Dec 28, 2016

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Virtual data rooms are becoming more and more popular in the business realm worldwide. Investment bankers, lawyers and top managers of firms feel the need for the functional and secure environment to store their information and to complete the wide range of transactions. Thus, at the present moment, virtual deal vendors provide the businessmen with extremely helpful software as decent rooms are able to satisfy the needs of the most demanding and strict customers. In general, virtual repositories have to facilitate deal-making processes ran by corporations, organizations, etc. There are numerous benefits users have a possibility to experience during the work inside a virtual data room:

Data protection

A virtual data room was designed to ensure protection of secret and valuable corporate information. The documents are encrypted, watermarked and are non-readable for those who are not allowed to view them. The room visitor verification requires two stages in order to reduce the threat of, in example, viewing the documents from stolen gadgets. It means that, the information is secured from external intrusions and internal misuses. Moreover, backups that take place regularly save files from disappearance in a case of technical collapses.

Saving your time

A virtual data room can be worked in by plenty of room users at one moment: such a feature provides employees with a right to work with the files simultaneously. Also, improved features of the virtual room (integration with certain software, upload, search) help to save a lot of time when it comes to fulfillment of the simple and routine tasks.

Saving your resources

An organization of a virtual platform is cheaper than an opening of a regular data repository: there is no need for renting a space, making hard copies of documents. In addition, less staff is supposed to be hired to ensure protection of the virtual repository.

Convenience of exploitation

Simple interface is a peculiarity that makes the usage of a VDR rapid and painless. When no special training is to be performed room visitors have a possibility to utilize the virtual data room without efforts and concentrate their attention on their duties, not on the technical characteristics inherent to the room.

Well-organized data system

A virtual platform administrator is the one to think of the most convenient way of data systematization: all the virtual copies of the documents must be organized properly. Innovative search functions such as filtering capabilities and full-text search ensures that the file system will be simple to work with. In addition, room visitors are provided with a right to put links from one document to the other one and to mark chosen files.

Control over the access

A virtual platform provides its owners with the right to decide what kind of room visitors has an opportunity to browse what data and how long for. Hence, there are plenty of levels of information accessibility and restrictions may be applied to the chosen room users, clusters, files, folders, etc.

Ease of cooperative work

As it is possible to make a VDR accessible for anyone who possess a login and a password, it is easier to stay in touch with the business partners. It is not necessary to meet personally if all the data can be exchanged and discussed within a virtual room.

Transparency

Regular audit reports give the room owners an opportunity to look after the activity of all the users that are allowed to enter a virtual repository. Thus all the actions that were performed in the platform was included in the report and in a case of misunderstandings, data misusing or other troubles the audit report may be exploited as evidence.

Legal compliance

VDR vendors are being in charge of making all the files stored in the data room compliant with the legal regulations and standards. Thus, the virtual repository owner has no reasons to be anxious about the proper file formats and possible legal problems.

Immediate support

A special support team and a loyal project manager are ready to help visitors who work inside a virtual data room within seconds. Such attitude helps to fix unexpected emergency situations and to avert a possible breakdown. The advantages named above allow you to find out how a reputable VDR might enhance your business and assist you during numerous deal-making processes. In addition to these features, plenty of repositories will equip you with innovative and unique features. But you have to know your requirements and to look for the virtual repository that does not wish to deluge you with complicated abbreviations and impress you with the features which you cannot utilize. Thus, be critical and choose the virtual data room that satisfies your demands.

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You Can Win a Protest Even Though the Protest is not Sustained

Posted on Wednesday, Dec 21, 2016

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Every year, the Government Accountability Office reports to Congress several statistics relating to GAO’s bid protest function. The big news this year is that the “Sustain Rate” — the percentage of protests that resulted in a GAO decision granting the protest — nearly doubled in FY 2016 (22.56%) compared to FY 2015 (12%). In absolute terms, GAO sustained 139 protests in FY16 compared to only 68 in FY15.

So, what do these numbers really mean for protesters’ chances?

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