What you'll learn:
- Demonstrate a solid understanding of technology transactions so they will be better positioned to represent clients in the technology industry
- Differentiate between the purpose of the various types of technology agreements commonly encountered by technology counsel
- Recognize key legal and commercial terms found in most technology agreements
- Identify key elements of software development and license agreements
- Assess common risks and negotiation challenges in technology agreements
This course introduces participants to the key components of today’s most common technology transactions, focusing primarily on software licensing and development. The course will familiarize participants with key industry terms used by technology counsel and will explore agreement fundamentals such as IP ownership, deal economics, license grants and restrictions, data security, maintenance obligations, warranties, and infringement liability.
The instructor will use examples of development, distribution, software as a service (SaaS), and end-user license agreements to illustrate the foundational elements of each. Finally, the course offers an overview of current “hot topics” in the technology landscape such as privacy, data security, social media, and artificial intelligence.
Participants will be asked to review and propose revisions to a Software-as-a-Service (SaaS) EULA Agreement based on a set of facts relating to a hypothetical client’s goals and concerns. Participants will be asked to focus on eight specific concerns and identify and explain for each: (1) the relevant provision(s); (2)any revisions, deletions, or additions the participant would make to the identified provisions; (3) any additional information needed to fully respond; and (4) any other conforming edits or additional documents needed to ensure the client is adequately protected.
During the live review session of the course, participants will review the model answer and receive feedback on the substance of the drafting as well as practical tips for clear and concise drafting.