Good commercial counsel knows that not every contract risk deserves the same fight. The key is identifying the provisions that can truly hurt the business, understanding where you have leverage, and knowing when accepting reasonable risk is the right decision to get the deal done.
AI Is Becoming a Standard Part of Commercial Contract Negotiations
AI provisions are rapidly becoming a standard—and increasingly complex—part of commercial agreements. From data use and model training to intellectual property, human review and third-party AI tools, businesses need to understand the risks and allocate them appropriately rather than simply prohibit the technology.
Murphy Bova Client Edly Acquires Avenify
NEW YORK, Jan. 20, 2022 /PRNewswire/ -- Edly, the nation's only student loan platform offering income-based repayment (IBR) loans in the private sector, today announced its acquisition of Avenify, a leader in student financing for nursing school. Through this purchase Edly will expand its social impact and provide more nursing students with access to the company's affordable, flexible and secure education financing solution. The company also announced that it is growing its executive leadership team, naming Rob Caskey as chief operating officer. These latest steps in Edly's rapid growth come at a critical moment for US student borrowing, as the federal student loan repayment moratorium is set to expire on May 1, 2022, and the nation faces a critical shortfall of more than 1.1 million nurses[i] on the front line of America's health care system.
Murphy Bova Client Monit Closes $5.2 Million Equity Financing
BOSTON — Apr. 15, 2021 — Monit, the award-winning mobile financial platform for small businesses, announced that it has closed a $5.2 million round of pre-Series A financing led by well-known fintech fund TTV Capital. Runway Venture Partners, Correlation Ventures, and private investors William Ruh and Joe Proto also participated in the round. Monit will use the investment to expand and meet the high demand for its bank-focused services, to banks ranging from small community banks to top ten multinational banks. Monit will also add significant fintech expertise to its board of directors with this round. Mark Johnson, TTV Capital General Partner, Anna Garcia, General Partner at Runway Venture Partners, and William Ruh, board member at nCino, will join the Monit board.
Murphy Bova client, Iris.TV, backed by Intel, raises an $18 million Series B!
Intel Capital, the investment arm of Intel Corp., has led a new $18 million Series B investment round in Iris.TV Inc., a data technology company that provides tools to help marketers and others understand the content of individual videos for the purposes of ad targeting and measurement…
Matthew Murphy Named to Inc.'s Top New York Attorneys
After reviewing a "dense field [of] attorneys, with over 175,000 resident lawyers in the state of NY", Matthew and the firm were picked for "not only protecting their clients' legal interests, but also facilitating in closing business transactions."

