Schedule Call
Schedule Call
Strategy, Advice, Negotiation, and Completion of

Technology Transactions

Schedule Call

CRAFTSTRATEGY

NEGOTIATEEFFECTIVELY

CLOSEDEALS

ITLA engineers optimal transaction outcomes for you

Technology related contracts and transactions have unique characteristics that require nuanced experience and expertise. Here are a few examples...

Rapid Change

The technology industry is characterized by rapid change and innovation. ITLA structures contracts to be flexible and adaptable to accommodate new developments, updates, or changing requirements.

IP Protection

IP often represents a significant portion of the value in tech transactions. ITLA clearly defines the ownership, licensing, and usage of IP, including patents, trademarks, copyrights, and trade secrets.

Privacy and Data Security

Technology transactions frequently involve the handling, processing, or storage of sensitive data. Contracts should address data privacy, security, and compliance with applicable regulations to ensure that data is protected and used responsibly.

Integration

Technology transactions often require integrating different systems, software, or platforms. Contracts must outline the responsibilities for integration and compatibility testing, as well as any necessary modifications or customizations.

Service Level Agreements

In technology transactions, especially involving cloud or software-as-a-service (SaaS) providers, contracts should include detailed SLAs specifying performance metrics, uptime guarantees, and penalties for non-compliance.

Maintenance and Support

Technology contracts should clearly define the scope, terms, and pricing of maintenance and support services, ensuring that the parties understand their obligations and responsibilities for keeping systems operational and up-to-date.

Escrow

For technology transactions involving mission-critical software or systems, contracts may include escrow arrangements to protect the licensee in case the licensor goes out of business, fails to maintain the software, or breaches the agreement.

Warranties and Indemnification

Contracts should include warranties for the performance, functionality, and quality of the technology, as well as indemnification clauses to protect parties from third-party claims or liabilities arising from the use or implementation of the technology.

Training

To ensure the successful implementation and adoption of technology, contracts should address the transfer of knowledge and training for personnel involved in the project.

Termination and Transition

Technology-related transactions require a skilled and nuanced approach to terminations and transitions to minimize disruption and ensure a smooth handover. 

Schedule Call
Let's Work Together

Getting Started with ITLA is Simple

1.
Book a Call

Click the book a call button and make an appointment online.

2.
Develop Approach

Create an action plan for a specific matter or your overall legal needs.

3.
Achieve Results

Enjoy exceptional outcomes and protect your org

Schedule Call
  • (833) ITLALAW
  • info@itlalaw.com
  • 1 Mid America Plaza
    Floor 3
    Oakbrook Terrace, IL 60181

quick links

Subscribe to Newsletter