By Michael R. Overly
Even prime organisations with refined IT infrastructures and groups of legal professionals can locate themselves unprepared to house the diversity of concerns which can come up in IT contracting. Written via pro legal professionals, A advisor to IT Contracting: Checklists, instruments, and Techniques distills the main severe company and felony classes discovered in the course of the authors’ a long time of expertise drafting and negotiating IT-related agreements.
In a unmarried quantity, readers can quick entry details on nearly all kinds of know-how contract. established to target a specific form of IT contract, each one bankruptcy contains a record of crucial phrases, a quick precis of what the contract is meant to do, and a whole evaluation of the felony and enterprise matters which are addressed in that specific contract. supplying non-legal pros with the instruments to handle IT contracting matters, the publication:
- Contains checklists to assist readers manage key strategies for prepared reference
- Supplies references to priceless 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 error could be kept away from, probability may be avoided, and higher contracts might be drafted when you have entry to definitely the right info. choked with reader-friendly checklists, this available reference will set you down that course. caution you of the commonest pitfalls, it hands you with little-known guidance and most sensible practices that will help you negotiate the most important phrases of your IT agreements with self belief and make sure you come back out on best on your subsequent agreement negotiation.
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Extra info for A Guide to IT Contracting: Checklists, Tools, and Techniques
And other foundational information. While this process may seem self-evident, it is common for businesses to rush forward in the review of a proposed technology contract without this critical information. In our experience, moving forward without a clear understanding of the “deal” can result in misunderstandings with the vendor, failure to achieve an adequate and appropriate contract, delays in negotiations, and increased costs. For example, it would likely not be appropriate to require the same level of contractual protection in a $20,000 off-the-shelf license agreement as one would require in a $20 million custom software development deal for a critical client-facing application.
Will the data be transmitted across international borders? INFORMATION SECURITY • Will the vendor have access to or store confidential, proprietary or sensitive information and data of the customer? If so, what information will the vendor have access to or store? • Is the vendor providing a cloud computing based service or hosting services? This can raise the criticality level significantly depending on nature of information stored and controlled by the vendor. • Will the customer retain a copy of backup data stored or hosted by the vendor, or will it rely on the vendor as the sole custodian?
Will the vendor have access to any highly sensitive company intellectual property? PERSONAL INFORMATION PRIVACY AND SECURITY • Will the vendor have access to or possession of sensitive, regulated personally identifiable information? If so, what information will be at risk? 6 • A Guide to IT Contracting: Checklists, Tools, and Techniques • Will the vendor have access to sensitive personal information, such as financial account information, health information or Social Security Numbers? • What are the applicable legal and regulatory requirements?