News & Analysis as of

Technology Contracts Contract Terms

McDermott Will & Emery

[Webinar] Urban Legends in Technology and Complex Commercial Contracts - December 8th, 1:00 pm - 2:00 pm EST

McDermott Will & Emery on

How often have you battled over best efforts vs. commercially reasonable efforts, used “work for hire” language thinking it would offer broad intellectual property protection or found yourself excluding “consequential...more

BCLP

Terminating technology contracts: some welcome guidance

BCLP on

Whether to terminate of a complex agreement for material and/or repudiatory breach is a common and yet difficult decision to make as a business (and to advise on as a lawyer). And, given the unpredictability of the outcome,...more

Troutman Pepper

FDIC Reminds Small Banks of Need to Oversee Technology Service Providers

Troutman Pepper on

The need to control risks associated with using third-party technology service providers was reemphasized by the FDIC for institutions with less than $1 billion in assets in a new financial institutions letter...more

Stinson LLP

Financial Institution Letter Shows FDIC is Serious About Tech Contracts

Stinson LLP on

In recent years, bank regulators have increased their efforts to require banks to appropriately handle third-party risk management. On April 2, the Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution...more

Ballard Spahr LLP

FDIC Issues Guidance on Service Technology Service Provider Contracts

Ballard Spahr LLP on

On April 2, 2019, the FDIC issued Financial Institution Letter FIL-19-2019 (the “Letter”) to remind financial institutions about certain contractual provisions and other requirements pertaining to technology service provider...more

Pullman & Comley, LLC

Alert: Technology Contracts and Boilerplate Language: Be Aware of the Pitfalls

Pullman & Comley, LLC on

All contracts follow a similar pattern in their structure. They first contain an introduction (known as “Recitals”) that sets forth the purpose of the contract and the expectations of the parties in entering into the...more

McAfee & Taft

Regular audits of technology license agreements may reduce your patent royalty payments

McAfee & Taft on

Patent license royalty payments can be habit-forming. Some patent licenses have terms extending for potentially two decades or longer. As a result, patent licenses are frequently filed away never to be seen again....more

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