By Michael R. Overly
Even best businesses with refined IT infrastructures and groups of attorneys can locate themselves unprepared to house the diversity of concerns which could come up in IT contracting. Written by way of professional lawyers, A consultant to IT Contracting: Checklists, instruments, and Techniques distills the main severe enterprise and criminal classes realized throughout the authors’ a long time of expertise drafting and negotiating IT-related agreements.
In a unmarried quantity, readers can quick entry details on almost every kind of know-how contract. based to target a specific kind of IT contract, every one bankruptcy features a record of crucial phrases, a short precis of what the contract is meant to do, and an entire overview of the criminal and company matters which are addressed in that individual contract. delivering non-legal execs with the instruments to handle IT contracting matters, the publication:
- Contains checklists to assist readers arrange key ideas for prepared reference
- Supplies references to important on-line assets and aids for agreement drafting
- Includes a CD-ROM with reusable checklists and whole word list that defines key felony, company, and technical terms
Costly errors may be refrained from, danger could be avoided, and higher contracts may be drafted when you've got entry to the best details. packed with reader-friendly checklists, this obtainable reference will set you down that course. caution you of the most typical pitfalls, it hands you with little-known information and top practices that can assist you negotiate the most important phrases of your IT agreements with self assurance and make sure you come back out on best on your subsequent agreement negotiation.
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Extra info for A Guide to IT Contracting: Checklists, Tools, and Techniques
If your company is not going to be charged for updates, whether permanently or for a specified period of time, this should be stated clearly in the software license agreement. • It is important to determine what the term of the license will be. In many circumstances a perpetual license is required by the customer and offered by the vendor. In other circumstances the parties will agree to a term license, limited to a specified number of months or, more commonly, years. , will there be automatic renewals or will the parties be required to agree to each renewal?
Most commonly, software license agreements contain indemnification obligations of the vendor with respect to third-party claims against the customer that the software infringes the intellectual property rights of the third party. • The intellectual property infringement clause should extend to claims arising out of a claim that the software infringes any third-party Software License Agreements • 17 intellectual property including any trademark, trade secret, copyright, patent, and any other intellectual property or proprietary rights.
The deal memo is intended to be a purely internal document to educate relevant company stakeholders regarding the transaction. An example deal memo is provided at the end of the chapter. KEY CONSIDERATIONS • Executive Description of Engagement. Write a sentence or two describing in plain, non-technical English what the deal is about, including a clear statement establishing the business advantage to be gained by entering into the contract. For example, “The license of a new expense tracking application designed to identify duplicate expenses more readily.