Passage 3
Success in e-business can evaporate even more quickly than it is achieved. Continued success demands protecting valuable assets. Legal counsel should play a substantive role in the way that business is conducted and extemal environment in which it operates. Much can be done to create a new and effective legal environment for e-business transactions.
Legal counsel can help secure the e-business environment by conducting the following activities:
Structure contracts to effectively handle e-business issues. Develop contracts that redefine the nature of the business activity, structure and cement alliance, and provide new mechanisms for resolving disputes outside the courtroom.
Address risks that arise from changes in the environment. Counsel can address risks and vulnerabilities that arise from changes in the technical, business and legal environments. Such changes might include the development of new payment technology, changes in liability laws and enactment of protection laws in specific countries.
19.Legal counsel can help structure contracts to _______.