- Product Trial
Editor’s Note: This is a guest article by Lisa Brownlee. The 2015 edition of her book, “Intellectual Property Due Diligence in Corporate Transactions: Investment, Risk Assessment and Management”, originally published in 2000, will dive into discussions about using the Deep Web and the Dark Web for Intellectual Property research, emphasizing its importance and usefulness when performing legal due-diligence.
Lisa M. Brownlee is a private consultant and has become an authority on the Deep Web and the Dark Web, particularly as they apply to legal due-diligence. She writes and blogs for Thomson Reuters. Lisa is an internationally-recognized pioneer on the intersection between digital technologies and law.
In this blog post I will delve in some detail into the Deep Web. This expedition will focus exclusively on that part of the Deep Web that excludes the Dark Web. I cover both Deep Web and Dark Web legal due diligence in more detail in my blog and book, Intellectual Property Due Diligence in Corporate Transactions: Investment, Risk Assessment and Management. In particular, in this article I will discuss the Deep Web as a resource of information for legal due diligence.
When Deep Web Technologies invited me to write this post, I initially intended to primarily delve into the ongoing confusion The Deep Web and the Dark Web – Why Lawyers Need to Be Informed.
Deep Web: a treasure trove of and data and other information
The Deep Web is populated with vast amounts of data and other information that are essential to investigate during a legal due diligence in order to find information about a company that is a target for possible licensing, merger or acquisition. A Deep Web (as well as Dark Web) due diligence should be conducted in order to ensure that information relevant to the subject transaction and target company is not missed or misrepresented. Lawyers and financiers conducting the due diligence have essentially two options: conduct the due diligence themselves by visiting each potentially-relevant database and conducting each search individually (potentially ad infinitum), or hire a specialized company such as Deep Web Technologies to design and setup such a search. Hiring an outside firm to conduct such a search saves time and money.
Deep Web data mining is a science that cannot be mastered by lawyers or financiers in a single or a handful of transactions. Using a specialized firm such as DWT has the added benefit of being able to replicate the search on-demand and/or have ongoing updated searches performed. Additionally, DWT can bring multilingual search capacities to investigations—a feature that very few, if any, other data mining companies provide and that would most likely be deficient or entirely missing in a search conducted entirely in-house.
What information is sought in a legal due diligence?
A legal due diligence will investigate a wide and deep variety of topics, from real estate to human resources, to basic corporate finance information, industry and company pricing policies, and environmental compliance. Due diligence nearly always also investigates intellectual property rights of the target company, in a level of detail that is tailored to specific transactions, based on the nature of the company’s goods and/or services. DWT’s Next Generation Federated Search is particularly well-suited for conducting intellectual property investigations.
In sum, the goal of a legal due diligence is to identify and confirm basic information about the target company and determine whether there are any undisclosed infirmities with the target company’s assets and information as presented. In view of these goals, the investing party will require the target company to produce a checklist full of items about the various aspects of the business (and more) discussed above. An abbreviated correlation between the information typically requested in a due diligence and the information that is available in the Deep Web is provided in the chart attached below. In the absence of assistance by Deep Web Technologies with the due diligence, either someone within the investor company or its outside counsel will need to search in each of the databases listed, in addition to others, in order to confirm the information provided by the target company is correct and complete. While representations and warranties are typically given by the target company as to the accuracy and completeness of the information provided, it is also typical for the investing company to confirm all or part of that information, depending on the sensitivities of the transaction and the areas in which the values–and possible risks might be uncovered.
The April/May 2015 issue of Multilingual.com Magazine features a new article, “Advancing science by overcoming language barriers,” co-authored by DWT’s own Abe Lederman, and Darcy Katzman. The article discusses the Deep Web vs. the dark web, and the technology needed to find results in scientific and technical, multilingual Deep Web databases. It also speaks of the efforts of the WorldWideScience Alliance in addressing the global need for a multilingual search through the creation of the WorldWideScience.org federated search application.On Biznar, a social media and business search engine, I couldn’t help but search out how others were handling their spring allergies. Some dive into the Claritin box, while others go for a Kettlebell workout. My family claims to have zero allergies, although we slyly keep a tissue box handy once the juniper pollen begins to circulate. However, it looks like some research indicates that dairy may offer relief. I shall eat more yogurt from here forth.
Speaking of pollen, Environar, a federated search portal dedicated to life, medical and earth sciences, had eScience.gov, on the effects of climate change on allergies. I thought this interesting from the Annals of the American Thoracic Society found in PubMed regarding a survey on climate change and health: “A majority of respondents indicated they were already observing health impacts of climate change among their patients, most commonly as increases in chronic disease severity from air pollution (77%), allergic symptoms from exposure to plants or mold (58%), and severe weather injuries (57%).” I shall buy more tissue.
While my questions may not have precise answers, I can at least plan ahead at the grocery store when I see high pollen counts – yogurt and tissues. And perhaps I’ll have a new appreciation for the contributions pollen has made to our scientific community.
Explore your Pollen Allergy Forecast at Pollen.com: http://www.pollen.com/allergy-forecast.asp. Happy Spring and Happy Searching!
Our CEO and CTO, Abe Lederman, journeyed to the Washington D.C. area this week to meet with FEDLINK librarians at the Library of Congress. The Federal Library and Information Network (FEDLINK) serves federal libraries and information centers as their purchasing, training and resource-sharing consortium.
Abe’s main purpose in visiting The District, aside from eating delicious food and admiring the start of the Cherry Blossom bloom (although the peak bloom is next week), was to expand FEDLINK librarians knowledge about federated search. His presentation explored public federated search science portals as well as multilingual translation tools. A large part of his talk was on Google, and why it isn’t suitable for serious government researchers.