Scott & Scott, LLP attorney, Brian Von Hatten, says an inadvertent transfer of a software license in an M&A transaction may result in significant penalties, including but not limited to relicensing the software already licensed by the original licensee or copyright damages into the Millions of dollars. The potential legal and financial liability from the buyer perspective may be reduced by taking a look at the following areas prior to the close of the transaction:
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Topics: Acquisitions, Copyright, License Agreements, Licenses, Mergers, Risk Management, Software
Published In: Intellectual Property Updates, Mergers & Acquisitions Updates, Science, Computers & Technology Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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