Legal transaction management (LTM) is a tool that permits lawyers to manage their legal transactions more effectively, saving them time and money. This allows lawyers to concentrate on the legal issues that confront their clients, and it also reduces a variety of expenses, including associates being unable to spend hours on unnecessary work or logistics (courier services, catering, travel, storage, etc) as a result of slower transactions, and IT expenses.
The fundamental element of business is legal transactions that are governed by many laws. These include leases, contracts for sale and contracts to create security interests as well as agreements on loan agreements and promissory note filings with government agencies as well as assignments of rights and titles and insurance policies, as well as proxy agreements. These documents require extensive drafting and an understanding of the legal transactional laws.
This article explores the nature of legal transactions and their implications for the doctrines of both private and public law. The goal is to clarify the concept of legal transactions and to demonstrate that Searle