What does smart contracting cost?

The license fee is based on the annual turnover of a company:

  1. Turnover up to € 1 million pays € 49 per month;
  2. Turnover up to € 10 million pays € 125 per month;
  3. Turnover up to € 20 million pays € 300 per month;
  4. Turnover from € 20 million must request a quote.
What is the role of MYOBI Trust Network in applying services?

The role of MYOBI is:

  • MYOBI Trust Network authenticate the identity of entities and persons and their powers;
  • Provides electronic signatures and notarizing and safeguarding documents; and
  • Allow control and direct personal and company data.
How can I purchase the accountability service?

Use the button: ‘join MYOBI’ to connect and use the accountability service.

What does the accountability service cost?

Accountability for the TTP Code of Conduct GDPR, as part of the TTP policy, is a result of joining to the MYOBI Trust Network. Costs for connecting MYOBI depends on turnover, number of employees and entities.

How can I purchase services?

Join to the MYOBI Trust Network via the blue button ‘Join MYOBI’. After you are onboard, click on the services you want to purchase. Naturally, account management is happy to help you choose the right service.

How can I purchase Legal Entity Management?

Use the button: ‘join MYOBI’ to connect and use Legal Entity Management.

How to keep a grip on the cost of services?

The representative has insight into the use of services: by whom, for what and how much.

What do I get from the accountability service?

On the MYOBI Trust Network, you get current baselines in your Information ecosystem. The information ecosystem also provides access to:

  1. The basic functionalities for legal entity framework (LEM). You can manage the legal and functional organization;
  2. The essential features of smart contracting. A contract portfolio with consent and processing agreements enables the user of the network to control and direct the processing of company and personal data;
  3. The basic functionalities of smart compliance. Access and use of baselines that are in line with the TTP Code of Conduct GDPR; and
  4. You receive access to your e-learning tenant with training for LEM, smart contracting and governance and compliance.
What does Legal Entity Management cost?

Legal Entity Manegement (LEM) is part of the MYOBI Trust Network. Costs for joining depend on annual turnover, number of employees and entities.

I do not have a Data Protection Officer or a DPO that cannot meet the requirements. What now?

You can look for an expert yourself who meets the requirements of MYOBI or you can ask MYOBI to put you in touch with an expert.

How do we build the entities with Legal Entity Management?

With the help of the information ecosystem, the person with the appropriate role manages the hierarchy of the formal and functional organization. MYOBI enables data from authentic sources (for instance the Chambers of Commerce) and offers also:

  1. e-learning training; and
  2. Trained consultants.
How can I purchase smart contracting?

First of all you need to register. After you have gone through the registration process, you can select the smart contracting service in your environment.

If you have not (yet) purchased a license, your company can make limited use of the trust network and smart contracting. You can participate in a maximum of 3 contract processes and cannot initiate contract processes.

What does it cost?

The costs for services can be found on the websites of our partners.

Who can support me with smart contracting?

The legal professionals of Duthler Associates and / or the attorneys of First Lawyers will be happy to support you. You can contact us directly.

You can also consult our service desk.

What is the role of MYOBI at the LEM?

MYOBI service desk determines the identity of the company and the persons in the role of representative authority. MYOBI links the role of ‘Company Admin’ of the company’s information ecosystem to the representative. MYOBI periodically checks the correctness of this link.

The service desk is the first line of contact.

Which professionals can help me build and manage Legal Entity Management?

The professionals of Duthler Associates and the lawyers of First Lawyers are well trained consultants.

We want additional services. How can we purchase them?

The representative with the appropriate authority can use the information ecosystem to enable additional and trusted services with the ‘Request for Service’ button.

Can my accountant rely on the Accountability Seal?

Yes, your accountant/auditor can rely on the work you have done for your Accountability Seal and on the Accountability Seals of your partners. The DPO confirms your self-declaration, and MYOBI performs likelihood tests. Accountability Board supervises the compliance approach and acts when the TTP Policy is compromised. Your accountant/auditor will likely perform some audit work of his own to determine that he can rely on your self-declaration. You can significantly reduce the costs of compliance efforts and audit with your accountability work.