Case Studies
Software company’s overseas expansion for English NDA (Veat) review
Law firm Veat received a request from software development and supply company A (hereinafter referred to as "the client") to review English NDA (Non-Disclosure Agreement) for overseas expansion. When concluding a contract with an overseas company, and the client's software is provided for preliminary review purposes, the importance of an 'English NDA (Non-Disclosure Agreement)' is extremely high. Before concluding an English NDA (Non-Disclosure Agreement), it is essential to review the content of the contract, identify any unfavorable clauses, and make necessary revisions. Considering that Law firm Veat is likely to be in a position to provide information, we conducted a thorough review to ensure that the client is not disadvantaged as the information provider. English NDA (Non-Disclosure Agreement) An English NDA (Non-Disclosure Agreement) serves as an important legal safeguard in the software development and supply process. When negotiations with overseas companies take place, confidential information is typically shared, making legal procedures to protect it essential. Especially, when in a position to provide software, strong legal protection is necessary to reduce the risk of trade secrets, technical information, and business details being leaked or used without authorization. An English NDA (Non-Disclosure Agreement) clearly defines the obligation of confidentiality and specifies the legal liability that may arise from violations, thereby protecting the company's confidential information. Review of Key Items in English NDA (Non-Disclosure Agreement) is Essential! Scope of Protected Confidential Information If what information the client will provide is not clearly defined, the scope of protection for confidential information may become unclear, potentially leading to disputes later. Furthermore, if the scope is too broad or, conversely, too narrow, important information related to the software may not be adequately protected. Therefore, the scope of confidential information must be clearly defined, and must sufficiently protect information that could pose a real business risk. To achieve this, specific examples can be provided or clear definitions inserted to prevent the scope of information from being excessively expanded, and methods for adding specific conditions, if necessary, can be suggested. Method of Handling Confidential Information After Contract Termination Because the obligation of confidentiality may continue even after the contract expires, the contract must clearly specify a 'return or destruction of confidential information' procedure. If this provision is unclear, there is a risk that the overseas company may retain or use confidential information even after the contract expires. Clear and specific procedures must be established to ensure that confidential information is adequately protected even after termination of the contract. Confidentiality Period If the confidentiality period is too long or too short, disputes may arise between the contracting parties. For example, if the client’s software is a technology that may eventually transition into the public domain, an unnecessarily long confidentiality period would be unreasonable. Conversely, if the client’s core technology or exclusive information has a confidentiality period that is too short, the client's confidentiality may not be adequately protected. Setting an appropriate confidentiality period is essential. Governing Law The governing law specified in the English NDA (Non-Disclosure Agreement) determines which country's law will be applied in the event of a dispute, so it is important to select a country that aligns with the client’s business environment and legal requirements. Even though the client is based in Korea, as the contract is with an overseas company, it is necessary to clearly define which country's law will be applied in the event of a legal dispute. Typically, the laws of the United States or the United Kingdom are chosen, but the legal characteristics of each country may affect the outcome of dispute resolution. Therefore, careful selection of the governing law is necessary to reflect the client’s favorable conditions. English contracts, including NDAs (Non-Disclosure Agreements), are documents with more legal and linguistic complexity than standard business documents. Understanding these contracts thoroughly and proposing appropriate amendments from the client’s perspective requires expertise in the field. Law firm Veat, centered around Senior Foreign Attorney Song Woo-seok, who has efficient communication skills and abundant legal advisory experience related to international contracts, thoroughly reviews and proposes amendment suggestions from the client’s perspective to maximize the client’s interests and receive legal protection in contracts with overseas companies. Furthermore, startups and IT companies looking to expand their business in the global market should be aware of the potential to experience legal risks related to English contracts, and we provide customized solutions that consider the client’s business goals and direction, providing practical support for successful overseas expansion. If you need legal advice regarding IT, English contracts, or NDAs (Non-Disclosure Agreements), please feel free to contact Law firm Veat. Thank you. Law firm Veat
Interview with Partner Lawyer An Il-un, regarding a personal joint liability lawsuit against the founder of Shinhan Capital.
Law firm Veat, attorney Il-woon An, conducted an interview regarding the personal joint liability lawsuit against the founder of Shinhan Capital, which has emerged as a major topic in the startup investment industry and has been covered by several major media outlets. Key Issues and Points of Dispute in the Personal Joint Liability Lawsuit against the Founder of Shinhan Capital 1) Whether an investor can request repayment of investment funds in the form of convertible preferred stock and return shares to the investee company. 2) Whether a representative, as a stakeholder, must bear the responsibility jointly with the company. Attorney Il-woon An explained, from the perspective of a legal expert in startup investment, the obligations of repayment, the possibility of interpreting put options, and the timing of recovery, regarding the key issues and points of dispute in this interview. Please refer to the article below for the full interview content. https://outstanding.kr/urban20241115 Attorney Il-woon An has been appointed to the Korea Startup Forum Startup Legal Support Team and is providing professional legal advice, as well as preparing proposals for legal system analysis and policy improvements, and providing rapid support in the event of legal disputes. He is also active as a legal mentor attorney for the Ministry of Science and ICT ICT startup and a startup legal advisory team attorney for the Ministry of SMEs and Startups, providing legal advice based on high expertise in ‘investment’ and ‘startup’. Law firm Veat has been selected as a finalist in four categories, including Korea Law Firm of the Year, Boutique Law Firm of the Year, Managing Partner of the Year (Boutique Firm), and Korea Deal Firm of the Year, at the "ALB Korea Law Award 2024" hosted by Asian Legal Business (ALB), demonstrating high expertise. If you need legal advice related to investment and startups, please feel free to contact Law firm Veat. Thank you. Law firm Veat
[Entertainment Legal Consultation] Advertisement filmed under verbal agreement, possibility of contract termination and damages
Law firm Veat reviewed the possibility of cancellation and damages claim based on oral contract cancellation and damages claim on behalf of Entertainment A, a client, in response to a request. Entertainment A requested a review of the possibility of cancellation and damages claim because a dispute arose when they performed obligations according to a contract without signing a contract after an oral agreement between the brand and a model affiliated with A. Law firm Veat thoroughly reviewed the requirements for the validity of an oral contract, the relationship between the presence or absence of a signature and the validity of a contract, the possibility of damages claim, and the possibility of taking back advertising materials in light of the specific circumstances of this case. Can an oral contract be valid? According to the Civil Law, for a contract to be valid, there must be an agreement between the parties on the main terms of the contract, and it is not necessarily required to be written or have a signature. An oral contract can be valid if it meets the legal requirements, and the court has stated that a tender offer can be considered as a contract if there is an indication of acceptance. It has been stated that an offer should be specific enough that acceptance would create a contract, and the acceptance must be for that specific offer. In this case, there are no special circumstances limiting the method of such an indication of acceptance, and it does not necessarily require express statements. In this case, the brand presented specific conditions and Entertainment A agreed, and not only that, but it can be considered that tacit agreement was made in the situation where obligations according to the contract were actually performed. It was possible to say that a contract was concluded by mutual agreement of the parties. In the case of whether an oral contract is valid, a review from a legal perspective on the specific facts is necessary, so it is a way to respond quickly by discussing with an expert. Is a signature or seal a requirement for a valid contract? As explained earlier, a written contract with a signature is not necessarily a requirement for a valid contract. Unless there is a provision requiring a written contract, a contract can be considered valid based solely on the fact that there was a specific agreement between the parties and the performance of obligations according to the contract took place. In particular, if the performance has already been partially completed and the results have been published, there is a high probability that an oral contract is valid. Even if the brand denies the contract because a signature was not completed, the court will specifically determine whether there was actual intention to conclude the contract, so Law firm Veat reviewed the specific agreements between the parties and the fact that Entertainment A performed obligations to provide specific evidence. Is it possible to cancel the contract and claim model fees? There is a high probability that an oral contract is valid and if the parties responded to the shooting in accordance with the negotiated content, it is possible to claim model fees and simultaneously assert the cancellation of the contract in this case. If the brand delays or refuses to pay the model fees, it can be considered a breach of contract, and Entertainment A may have the right to cancel the contract after going through the usual notification procedures. Even if the contract is terminated, they have the right to receive the model fees for the advertising shootings that have already been completed, and can proceed with the claim based on the premise that the brand cannot unilaterally terminate the contract. Can a damages claim and a claim for the return of advertising materials be made? If a party is damaged by a unilateral termination of a contract that is likely to be considered a valid oral contract, a damages claim can be considered. Also, if the brand does not fulfill its contractual obligations, Entertainment can claim the return of advertising materials. Since the advertisement uses the model’s image rights, it can be legally justified to request a suspension of the advertisement or the return of the advertising materials from the brand that has not fulfilled its obligations under the contract. Law firm Veat has presented specific evidence that can clarify the content and obligations of the advertising model contract, which was conducted without a signature and seal, and has also provided guidance on the possibility of a damages claim and the possibility of claiming the return of advertising materials as a follow-up measure. Law firm Veat deals with contract cancellation and damages related issues that arise in the entertainment and advertising industries, and provides legal advice optimized for clients based on a deep understanding of complex civil and criminal matters. In particular, Song Do-young, managing partner of Law firm Veat, has been appointed as an arbitrator of the Online Advertising Dispute Settlement Committee of the Korea Internet & Security Agency (KISA) and is actively engaged in resolving various online advertising dispute cases based on deep expertise and years of experience. If you are experiencing legal disputes while operating an entertainment company, please seek solutions by working with experts from Law firm Veat, who have extensive experience in entertainment legal advice. Thank you. Law firm Veat
Review of the securities of tokens for a performance ticket pre-order and NFT purchase platform and safe business operation plans.
Law firm Veat received a request from a WEB 3.0 blockchain company (hereinafter referred to as "client") to review the token white paper's securities status. Recent advancements in blockchain and NFT technology have created new digital service ecosystems such as performance ticket sales and NFT trading platforms. However, the possibility that blockchain-based tokens may be classified as financial investment products or securities under the “Act on Capital Markets and Financial Investment Business” (hereinafter referred to as “Capital Market Act”) poses a complex legal challenge to many businesses. Law firm Veat, based on its expertise in blockchain and the Capital Market Act, is providing legal advice to help businesses operate stably even in these complex situations. Definition and criteria for financial investment products under the Capital Market Act ◾ Capital Market Act Article 3(Financial Investment Products) ① As used in this Act, “financial investment product” means a right acquired by agreeing to pay money, other property of value, or something like that (hereinafter referred to as “money, etc.”) at a specific point in time, either now or in the future, for the purpose of obtaining a profit or avoiding a loss, where the total amount of money, etc. paid or to be paid to acquire the right exceeds the total amount of money, etc. that may be recovered from or recoverable from the right (including the amount determined by presidential decree, such as cancellation fees). However, this excludes the following: In order to be designated as a financial investment product under the Capital Market Act, (1) there must be the purpose of obtaining a profit or avoiding a loss, (2) it must agree to pay money, other property of value, or something like that at a specific point in time, now or in the future, as compensation, and (3) the total amount of money, etc. paid or to be paid to acquire the product must exceed the total amount of money, etc. that may be recovered from or recoverable from the product, that is, there must be “investment risk.” Law firm Veat thoroughly analyzed the client’s white paper, the Capital Market Act’s provisions, and regulatory agency press releases, based on its expertise, to review whether the token presented by the client corresponds to a financial investment product under the Capital Market Act. Definition and criteria for investment contract securities under the Capital Market Act ◾ Capital Market Act Article 4(Securities) ⑥ As used in this Act, “investment contract security” means something that represents a contractual right to receive an allocation of profits or losses from a joint business undertaken by a specific investor and others (including other investors) who performed the joint business primarily. Securities under the Capital Market Act are divided into (1) debt securities, (2) equity securities, (3) profit-sharing securities, (4) investment contract securities, (5) derivative-linked securities, and (6) securities depository certificates (Article 12, Paragraph 2 of the Capital Market Act). Law firm Veat thoroughly reviewed, at the client’s request, the securities status, particularly whether it corresponds to an investment contract security, for blockchain tokens used in performance ticket sales and NFT trading platforms, and suggested alternatives to reduce the possibility that the token may be deemed a security in the future. Necessity of securities status review ◾ "STO to be permitted within the Capital Market Act regulatory framework" - press release by the Financial Supervisory Service on Feb. 2, 2023. According to the Financial Supervisory Service’s press release on Feb. 2, 2023, whether something is a security must be assessed comprehensively taking into account the specific facts and circumstances, and based on the substantive nature of the right. The responsibility for reviewing and determining securities status and complying with securities regulations if the token is deemed a security rests with the party issuing, distributing, or handling the security. Since failing to review the securities status of a token in advance can expose you to serious legal risks, if you plan to issue a token, you need to review whether the token falls under the Capital Market Act before issuing the token. Safe token issuance with Law firm Veat Law firm Veat, based particularly on its deep expertise in blockchain and IT areas, reviewed, in this case as well, whether the token presented by the client corresponds to a financial investment product or security subject to the Capital Market Act’s regulations and suggested alternatives to reduce the possibility that the token would be deemed a security. If you need legal advice to minimize legal risks and operate a token-based business stably before issuing a token, we recommend that you seek expert assistance from Law firm Veat at any time. Thank you. Law firm Veat
How should a startup deal with issues of verbal abuse and threats against employees?
Law firm Veat received a request from SaaS startup A (hereinafter referred to as "the client") to prepare legal measures to protect the client's employees who have been subjected to verbal abuse and threats from external vendor representatives. The client's employees have been subjected to serious verbal abuse and threats through text messages and other communication methods from specific external vendor representatives, and considering that this situation threatens the psychological stability of individual employees and the company's internal order, they sought assistance from Law firm Veat startup lawyers. Law firm Veat startup lawyers noted that the act of repeatedly transmitting text messages or symbols that cause fear or anxiety, is considered illegal under the "Act on Promotion of Information and Communications Network Utilization and Information Protection," (hereinafter "the Information and Communications Network Act") and analyzed whether the external vendor's actions meet the legal requirements to develop a response plan. Furthermore, if the verbal abuse poses a risk of infringing on the life, body, freedom, or reputation of the victim, extortion charges may arise under the "Criminal Law." Therefore, we thoroughly analyzed the content of the conversations at the time to determine the possibility of filing a criminal complaint. Subsequently, we reviewed the "Industrial Safety and Health Act" regarding the obligation to protect client-facing workers, examined whether the client’s employees fall under the definition of 'client-facing workers' as defined by law, and reviewed the client's internal policies and obligation to develop countermeasures. In particular, Law firm Veat startup lawyers reviewed the usefulness of sending a certified letter to clearly inform the external vendor representative of the seriousness of the verbal abuse and the legal implications and to urge them to change their behavior. We explained that taking such measures would strongly convey the client's and employees' positions while reducing the burden of legal dispute. Law firm Veat comprehensively reviewed laws suitable for the client’s situation and matter and provided the client with the best response plan based on this. How should you deal with verbal abuse and threats from external vendor representatives? The case discussed in this post shows a realistic problem that startups facing problems with verbal abuse and threats from external vendor representatives may encounter. It is important to accurately understand and utilize the legal measures a company can take in such situations. Problems related to verbal abuse or threats may constitute a violation of the Information and Communications Network Act or extortion charges, depending on the severity and specific circumstances, and these aspects require careful review from a legal perspective. For example, continuous and intentional verbal abuse exceeding simple unpleasant remarks may violate the Information and Communications Network Act or the Criminal Law. Also, if the person who committed the verbal abuse is an external vendor, it is necessary to examine whether such actions disrupt fair trade practices and constitute unfair trade practices. To determine whether verbal abuse is simply rude or a clear legal violation, it is necessary to comprehensively review various factors, including the context of the incident and the specific content of the words and actions. Therefore, it is important to discuss this with a legal professional with extensive experience in this area and receive legal advice. Law firm Veat has accumulated abundant experience in various personnel and labor-related cases. Based on this expertise, we have provided optimal legal advice to numerous startups and companies, playing an important role in creating a stable management environment. If you are experiencing difficulties with complex personnel and labor-related issues, seek advice from a legal professional to protect your business and resolve complex problems. Thank you. Law firm Veat
Guideline for Personal Video Information Protection for Operators of Video Information Processing Devices
Rapidly developing digital technology has brought about significant changes to our daily lives and industries. Among these, 'mobile video information processing devices' are technologies that are increasingly important in modern society; they are devices that can record and transmit video by being worn, carried, or attached to a movable object. These devices are divided into wearable, portable, and attachment/mounting types, each with various usage methods and purposes. However, such mobile video information processing devices also have the potential to accompany problems such as personal information protection and privacy infringement. To prevent this and use them safely, please refer to the guidelines suggested by Law firm Veat’s personal information protection lawyers. Characteristics and Necessity of Protection for Mobile Video Information Processing Devices Difficulty in Pre-Communication with the Information Subject The biggest feature of mobile video information processing devices is that the device operator cannot communicate with the information subject who is the subject of the recording. As a result, there may be situations where the information subject does not know that their video is being recorded, and they may be unable to exercise the right to consent or refuse recording. Increased Possibility of Privacy Infringement As the technology becomes smaller and develops into wearable devices, it has become increasingly difficult for the subject being recorded to verify who is recording them and for what purpose. Particularly, criminal acts such as concealing cameras or secretly recording are cited as adverse effects of this technological development, and this characteristic has increased people's anxiety. Necessity of Proper Operation Since mobile video information processing devices may be used to identify specific individuals, it is important to properly process and protect the recorded video. The operator must clearly define the purpose of recording, storage method, and retention period in accordance with the standards required by the Personal Information Protection Act and related laws, and comply with them. 3 Key Checklists for Protecting Personal Video Information Mandatory Disclosure of Recording Fact The operator of a mobile video information processing device must clearly notify the information subject of the fact of recording, and various methods can be used for the notification method. For example, a light or sound indicating that recording is in progress can be provided, or a sign or written notice can be posted in a specific location to notify the fact of recording. In some cases, verbally notifying the fact of recording directly is also a way. By taking such measures, the information subject is given the opportunity to exercise the option to refuse recording, and can contribute to reducing the possibility of privacy infringement during the recording process. Personal Information Protection After Recording After recording, procedures to guarantee the rights of the information subject are required. For example, the information subject should be able to request access, modification, or deletion of their video information, and this should be properly processed in accordance with the Personal Information Protection Act and related laws. Establishment and Strengthening of Operation Policies The operator must establish and implement operation policies including basic information such as the purpose of device installation and the number of devices operated, and modify them as needed. In particular, they must continuously manage the level of personal information protection through regular review. Law firm Veat, a Trusted Partner for Video Information and Future Technologies Law firm Veat has demonstrated expertise in IT and personal information protection, resolving various legal issues in the digital age. In particular, Law firm Veat provides systematic and optimized legal advice on personal information protection issues that may arise from the introduction of new technologies such as mobile video information processing devices. Law firm Veat reviews the legality of the data collection and processing process for customers utilizing personal information, designs compliance procedures for personal information-related laws when necessary, suggests crisis management plans for information leakage incidents, and assists in establishing and operating personal information protection systems and strengthening operating management policies. Law firm Veat will continue to do its best to provide the optimal personal information protection legal advice to companies leading digital innovation. If you need guidelines for video personal information and other personal information matters, please contact Law firm Veat, a personal information protection law firm. Thank you. From Law firm Veat
When you have omitted foreign exchange transaction reporting, review cases of a foreign exchange lawyer from Law firm Veat.
Law firm Veat received a request from venture capital firm A (hereinafter referred to as "the client") regarding legal advice related to direct investment reporting and foreign exchange transaction reporting, and successfully completed the work. The client was in a situation where they missed the essential foreign exchange transaction reporting while acquiring shares of a foreign corporation, and therefore required a series of legal actions including corrective reporting, post-reporting, and reporting of changes in content. Law firm Veat promptly and comprehensively reviewed the matter to ensure the client could rectify the violations and minimize legal risks. The foreign exchange reporting center of Law firm Veat meticulously reviewed the client's unreported foreign exchange transactions and swiftly performed corrective reporting, and supported the procedure for reporting changes in content after acquiring shares of the foreign corporation, helping the client minimize any adverse effects. When a domestic corporation invests in a foreign corporation or acquires foreign assets, it must comply with the appropriate reporting procedures under the Foreign Exchange Transactions Act. In particular, foreign exchange transaction reporting is subject to regulations from various government agencies such as the Financial Supervisory Service and the Bank of Korea, so it is important to operate a stable business through legally sound reporting procedures to avoid penalties or greater legal sanctions. For complex overseas investment reporting and foreign exchange reporting, contact the foreign exchange reporting center of Law firm Veat. Omission of foreign exchange reporting related to direct investment reporting can be an issue during investment proceedings, and complex procedures and regulations can be a significant burden for early-stage startups or investment firms. The foreign exchange reporting center of Law firm Veat deeply understands the legal difficulties faced by various companies, including startups, in overseas transactions, and provides swift one-stop service from initial review of reporting necessity to corrective reporting and post-reporting. In particular, we comprehensively support all necessary reporting procedures in various foreign exchange transaction situations such as If you need guidelines on whether you are subject to foreign exchange reporting or need overseas investment reporting and other foreign exchange reporting, please contact the foreign exchange reporting center of Law firm Veat [Law firm Veat foreign exchange reporting center]. Thank you. From Law firm Veat
Review of Copyright Agent Mediation for Creations on the Metaverse Platform
Law firm Veat received a request from Metaverse company A (hereinafter referred to as "the client") to review whether copyright brokerage is possible. The client inquired about the copyright ownership of secondary content created by users through the metaverse platform's content or creation tools, which the client provides, and wishes to sell to other users. Specifically, they requested a review of whether the copyright of secondary works created by users utilizing the content or tools provided by the platform legally belongs to anyone, and whether such sales constitute copyright brokerage. Who owns the copyright of secondary works created through the platform? ✔ Review of Copyright Brokerage Possibility The metaverse platform provides an environment where users can create and sell various secondary contents utilizing provided content or creation tools. In this case, it is necessary to review whether the platform legally constitutes copyright brokerage if it is mediating content sales between users. For example, if a user wants to sell a secondary work created utilizing assets provided by the platform, a review is needed to determine whether the platform performs the role of copyright brokerage in this process. ✔ Limitations of Terms of Use and Copyright Ownership of Secondary Works Most metaverse platforms include a clause in their terms of use stating that 'the copyright of content created by users belongs to the platform.' Nevertheless, it is necessary to review the original acquisition of copyright of secondary works according to copyright law. Law firm Veat reviewed based on the consistent rulings by the Supreme Court that even for highly commercial applied art works or secondary works, copyright is originally vested in the creator at the moment of creation. ✔ Necessity of Copyright Brokerage and Copyright Assignment Contract When a metaverse platform provides copyright brokerage services, the copyright ownership issue is closely related to copyright assignment. In order for the platform to function as a copyright broker, the copyright property rights of the content created by the user must be assigned to the platform to legally manage and mediate copyright. Law firm Veat provided guidance to the platform on the necessity of copyright property rights assignment based on the review results, and recommended measures for specifying assignment, assignment of rights of creation of secondary works, limitation of rights of personality, compensation for assignment, and proof of agreement. Copyright Assignment Contract - Assignment of Copyright Property Rights: The contract should include a clause requiring the platform to assign copyright property rights to the platform for the secondary work created by the user. This allows the platform to smoothly carry out commercial use or brokerage of the work. - Assignment of Right of Creation of Secondary Works: If the work has the potential to be further expanded or utilized as a secondary work, the right of creation should also be assigned. - Limitation of Rights of Personality: The creator’s right of personality, such as the right to maintain the integrity of the work, can be limited, but prior agreement is needed for whether such limitations can be partially agreed upon for commercial use. - Compensation for Assignment: The contract should also specify a method for providing appropriate compensation to the creator as consideration for receiving copyright property rights. Through these contract clauses, the platform can provide copyright brokerage services based on a clear agreement with the user. This is an essential element to prevent disputes over rights between the user and the platform and to ensure legal stability for the platform in the process of brokering user creations.
Online job introduction platform essential guide! Law firm Veat’s terms of service & personal information protection strategy
Law firm Veat provided comprehensive legal advice to support the legal aspects of a startup (hereinafter referred to as "Customer") that developed an online job referral platform (hereinafter referred to as "the Business Model") aiming to provide recruitment and job search services for the fashion industry. Law firm Veat, for the Customer, drafted and reviewed various documents to prevent potential legal disputes that may arise during the operation of the Business Model and to build user trust, thereby strengthening the legal foundation of the Business Model. Design of Terms of Use etc. Required for the Business Model ◾ Service Terms of Use "Act on the Regulation of Standard Contract Terms" Article 2 (Definitions) The definitions of terms used in this Act shall be as follows. 1. "Standard contract terms" means the contents of a contract prepared in advance in a certain form by one party to a contract in order to enter into contracts with several counterparties, regardless of its name or form or scope. According to Article 2, Paragraph 1, Subparagraph 1 of the Act on the Regulation of Standard Contract Terms, service terms of use are likely to fall under the regulation of this Act. Therefore, it is necessary to be careful to verify whether the service terms of use were drafted in compliance with the provisions of the Act on the Regulation of Standard Contract Terms and other related laws. Law firm Veat designed lawful service terms of use applicable to all service users, clearly defining the rights and obligations between the Customer and users. This provided a legal framework allowing job seekers and recruiters to trust and register for the service. ◾ Standard Contract Law firm Veat drafted and recommended a standard contract to clarify the relationship between job seekers and recruiters. This helped both parties to clearly understand their rights and responsibilities in the recruitment and job search process, and to prevent potential legal disputes in the future. ◾ Location-Based Service Terms of Use "Act on the Protection and Use of Location Information" Article 12 (Disclosure of Terms of Use, etc.) ① A person falling under any of the following items shall publicly disclose the contents of the service to be provided, charges and conditions related to collection, use and provision of location information (hereinafter referred to as "Terms of Use") by posting it on the internet homepage of the business entity or by a method prescribed by Presidential Decree, so that the personal location information subject and the location-based service business user can easily ascertain at any time, and if intending to change it, shall publicly disclose it without delay by a method prescribed by Presidential Decree, and take measures to make the changed details easily ascertainable. 1. Location information business entity ② A person who has reported a location-based service business pursuant to Article 9, Paragraph 1 and a person who is conducting a location-based service business pursuant to Article 9-2, Paragraph 1 (hereinafter referred to as "location-based service business entity") According to the Act on the Protection and Use of Location Information, a location-based service business entity must publicly disclose the contents of the service to be provided, charges and conditions related to collection, use and provision of location information by posting it on the internet homepage of the business entity, so that the personal location information subject and the location-based service business user can easily ascertain at any time. It was necessary for the Business Model to utilize the location information of job seekers. Therefore, Law firm Veat considered the contents of the Act on the Protection and Use of Location Information and drafted location-based service terms of use so that the Customer could legally utilize personal location information based on the consent of job seekers. ◾ Privacy Policy "Personal Information Protection Act" Article 30 (Establishment and Disclosure of Privacy Policy) ① A personal information controller shall establish and implement a privacy policy (hereinafter referred to as “Privacy Policy”) including the following items. In this case, a public entity shall register it in accordance with Article 32 for a personal information file subject to registration. 1. Purpose of processing personal information 2. Period of processing and retention of personal information 3. Matters concerning transfer of personal information to third parties (only when applicable) 3-1. Procedures and methods for disposal of personal information (including the basis for retention and the items of personal information to be retained when required to retain personal information under the single proviso of Article 21) 3-2. Possibility of disclosure of sensitive information pursuant to Article 23, Paragraph 3 and method of selecting non-disclosure (only when applicable) 4. Matters concerning entrustment of processing personal information (only when applicable) 4-2. Matters concerning processing of pseudonymized information pursuant to Article 28-2 and Article 28-3 (only when applicable) 5. Rights and obligations of information subjects and legal representatives and methods of exercising them 6. Name or personal information protection department of the personal information protection officer pursuant to Article 31 and contact information such as telephone number for handling related grievances 7. Matters concerning installation and operation of devices that automatically collect personal information such as Internet connection information files and methods for rejecting them (only when applicable) Personal information has become an essential part of online service provision. The Personal Information Protection Act, which regulates the processing and other matters related to personal information, obligates personal information controllers to establish and disclose a privacy policy. Since the Customer’s Business Model involved collection and use of job seekers’ personal and sensitive information, Law firm Veat drafted a privacy policy in compliance with related laws and regulations. This allowed the Customer to comply with the Personal Information Protection Act and allowed users to trust that their personal information was being safely managed. Legal advice from Law firm Veat with expertise in personal information In addition, Law firm Veat thoroughly reviewed the legal validity of the Customer’s Business Model and prepared for potential expansion of services domestically and internationally. Law firm Veat, particularly with deep expertise in IT, startups and personal information protection, provided customized legal advice to ensure that the Customer complied with related laws and regulations, such as the Personal Information Protection Act. If you need legal advice to minimize legal risks and grow stably, especially at the initial stage of a startup, we recommend that you seek professional help from Law firm Veat. Thank you. Law firm Veat
[Law firm Veat TIP] Copyright cases that can be seen in our surroundings
Law firm Veat TIP(Technology Intellectual Property) team contributed an article to Platum, a specialized media platform for startups, examining copyright issues based on actual copyright cases that can be seen in everyday life, such as pets and sports cars. The article deals with copyright issues under the Copyright Act that should be noted when pets, sports cars, and portraits of people are used commercially, and explains the necessity of copyright protection when creating commercial content, and who owns the copyright in the case of portraits. [This link] allows you to view the column. This article by Law firm Veat TIP team provides important legal information to various content creators, photographers, and marketing professionals. Copyright issues related to photographic works that are commonly seen in everyday life can often lead to unexpected legal disputes, so it is important to secure appropriate protection measures with the help of a professional. Law firm Veat’s specialized copyright TIP team provides legal advice and protection measures so that photographic works can have commercial value and be adequately protected in modern society. Through in-depth analysis of copyright issues that may arise when various works such as pets, sports cars, and portraits of people are used commercially, we support content creators to operate stably. Law firm Veat TIP team provides copyright-related legal services to a wide range of clients, including content creators, photographers, and marketing professionals. If you need legal advice on photographic works, please contact Law firm Veat. Thank you. From Law firm Veat