We live in a world of global law – very similar laws that apply in many jurisdictions. Because of this, globalising documents is essential for international business. Different countries have different systems of law, which can make it seem that an organisation needs to have a version of its documents (like contracts and other legal agreements) for each country that it operates in. However, many legal documents contain legal concepts that are common across all legal systems.
We can help you globalise your legal documents for the global market and save your organisation from having to create different versions of documents. There are various techniques that we use to enable you to have one document that can be used in multiple jurisdictions.
What are the benefits of globalising documents? Having to create versions of documents for different jurisdictions is extremely expensive and time inefficient. Also, as soon as you have two versions of something, inconsistencies creep in.
Globalising documents is an inexpensive and efficient means of achieving the same effect. Globalising documents allows you to use the same document in all the countries that you operate. We can help you decide when to globalise and when to localise documents.
Should you globalise your documents?
Let’s say that your business operates from a specific country and that you have documents that are written for the market in that country. Now, you want to expand your business to several countries. If this is the case, you need to globalise your documents.
Globalising a document entails adapting a document drafted for one country to be suitable for many
What if you have a global business and what to expand that business into a specific country? In this situation, you will want to localise your documents.
Globalising documents takes the legal concepts that are common to multiple jurisdictions and combines them into one document that can be used across those jurisdictions. We call this the 80% approach. This approach is where you use 80% of the principles common to a particular area of law that occur in major jurisdictions across the world.
Practical example of Global Law
If you consider a particular area of law like privacy and data protection, there are principles that are common to all the major laws in the world that focus on this area. Additionally, if you are transferring personal data as part of your business you may need to comply with the data protection laws across multiple jurisdictions.
It is important to draft documents from a global perspective
So, we have done the hard work for you by analysing all the major global data protection legislation e.g. GDPR, CPBORA, PIS Standard, and the Privacy Act in Australia. We have applied the 80% approach and created data protection documents that will enable you comply with the legislation of all the major jurisdictions.