What does the new law do? Although the changes are extensive, and the effect of those changes will differ depending on the circumstances, we reviewed the statute when it was passed in 2009 and published an overview in the Georgia Bar Journal. We also published a technology article, focusing on its effects on technology companies.
As we noted yesterday, not all agreements need to be rewritten as the statute is not retroactive, but given that many agreements are unenforceable as written under the common law, the new law provides a new opportunity to conform agreements.