By Michael R. Overly
Even major enterprises with subtle IT infrastructures and groups of attorneys can locate themselves unprepared to house the diversity of concerns that could come up in IT contracting. Written by way of pro legal professionals, A consultant to IT Contracting: Checklists, instruments, and Techniques distills the main severe enterprise and criminal classes realized during the authors’ many years of expertise drafting and negotiating IT-related agreements.
In a unmarried quantity, readers can quick entry info on nearly every kind of know-how contract. based to target a specific kind of IT contract, each one bankruptcy contains a list of crucial phrases, a short precis of what the contract is meant to do, and a whole evaluation of the felony and company concerns which are addressed in that specific contract. supplying non-legal pros with the instruments to handle IT contracting concerns, the e-book:
- Contains checklists to aid readers arrange key techniques for prepared reference
- Supplies references to valuable on-line assets and aids for agreement drafting
- Includes a CD-ROM with reusable checklists and whole thesaurus that defines key felony, company, and technical terms
Costly blunders should be refrained from, possibility could be prevented, and higher contracts may be drafted in case you have entry to the suitable info. jam-packed with reader-friendly checklists, this obtainable reference will set you down that direction. caution you of the most typical pitfalls, it palms you with little-known information and most sensible practices that can assist you negotiate the foremost phrases of your IT agreements with self assurance and make sure you come back out on most sensible on your subsequent agreement negotiation.
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Extra resources for A Guide to IT Contracting: Checklists, Tools, and Techniques
If you are unable to incorporate a particular provision into the contract you are negotiating, be prepared to articulate why and understand the risk to the company of not including those provisions. Present these to the stakeholders to ensure they understand the risk and can make the appropriate business decisions with respect to whether to move forward. 1 Collecting Basic Deal Information CHECKLIST Basic Principles ☐☐ Marshal basic information ☐☐ Value of proposed transaction? ☐☐ Term of agreement?
Where will the services be performed? Is the vendor located offshore? Will the vendor use offshore partners or affiliates? Does the vendor require the use of subcontractors? If so, who are the intended subcontractors? • Will the vendor be performing services onsite or at its own facilities? , Cloud Computing, SaaS, ASP)? INTELLECTUAL PROPERTY ISSUES • Will the vendor render any development or customization services resulting in the creation of intellectual property that the customer will want to own?
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. ” • Useful Life. Establish the anticipated duration of the contract, including desired renewal terms. , if software will be implemented, the duration of that implementation)?