There are only about 630 days left before the millennium. If you ask that question of your computer professionals or MIS personnel, and they either do not know, or cannot give you specifics, you may have a serious problem. This problem is serious enough that the CEO of a major company like CoreStates cited it as a reason for his decision to sell his bank to another. In addition, many large companies require considerable lead time before installing new systems and converting old data. You still have time to correct the problems, but perhaps not as much as you think, especially if you have purchased proprietary software specifically designed for your business.
Legal issues can include limitation of liability clauses and conflicting forms.
Contact us if you need assistance with your new contracts, or enforcement of old ones.