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Protecting Your Intellectual Property With Technology Contracts

By March 4, 2014September 29th, 2017Business Contracts, Business Lawyer

technology contractsToday’s ecommerce heavily depends upon intellectual property (IP) primarily consisting of patents, trademarks, and copyrights. Whether you’re buying, selling, or licensing tech, it makes sense to protect your IP rights with professionally prepared technology contracts that are designed to achieve your goals.

Internet  Business Lawyer Mike Young helps clients get what they want by drafting technology agreements customized for their unique needs. Here are few examples of the types of tech-related legal documents he can prepare for you.

Related Article – 7 Keys To Picking The Right Internet Lawyer For Your Business

Software Licensing Agreements

Whether you need an end user license agreement (EULA) for your software or a software distributor license, Mike can create one designed to protect your IP and provide you with legal remedies in case someone attempts to steal your intellectual property or a licensee quits paying for it.

Note that your tech license needs will be different depending upon how your software is being used. For example, the terms of a EULA for a mobile app will be different from those of a browser-based software as a service (Saas).

Work-for-Hire Tech Development Contracts

It’s common these days for software and other technology to be created for your business by others on an independent contractor basis.

Related Article: How To Use Business Contracts To Prevent A Single Point Of Failure

When doing so, it’s important to put into place at the beginning a binding contract that ensures you own the intellectual property you’re paying to have created. This can included a written assignment of IP rights from your independent contractor.

The failure to put the right software development contract or other tech agreement in place beforehand can be costly after the fact.

For example, if you pay for a mobile app to be developed but don’t secure the IP rights as part of the deal, you may find that your app developer is demanding a cut of your app revenues or selling a competing version of the app you paid the developer to create for you.

It’s also important to include a comprehensive scope of work with technical specifications so that it’s clear exactly what you’re paying to be created for you. Incorporating this statement of work with tech specs into your outsourcing contract creates a blueprint that’s easy for you and your developer to follow, including milestones, payment schedules, and other key terms.

Technology Contracts For Consulting And Maintenance

Information Technology (IT) consulting contracts and tech maintenance agreements are frequently needed in order to successfully grow and operate a company. They’re often essential business contracts.

Whether you’re an IT consultant, a tech maintenance provider, or run a business that pays for such services, it’s important to put into place a professionally prepared contract that protects your rights and helps reduce the risk of misunderstandings that lead to lawsuits.

Related Article: Breach Of Contract – 5 Steps To Preventing A Costly Lawsuit

Tech Confidentiality – Nondisclosure Agreements (NDAs)

Whether you’re dealing with independent contractors, employees, prospective software distributors, or even potential buyers of your business, it’s important to prevent IP theft by using a confidentiality agreement that’s designed to reduce the risk your intellectual property will be misused.

A good written NDA can make it clear to those that you do business with that you’re serious about protecting your IP while at the same time including provisions that make it unlikely the party you’re dealing with will misappropriate your technology.

How to get Internet Business Lawyer Mike Young to help you protect your technology

Your first step in getting help from Mike for your technology contracts is to set up a confidential telephone consultation with him using the law firm’s online booking system.

Need Help With Registering a Patent, Trademark, or Copyright?

Set up a phone consultation with Intellectual Property Lawyer Herbert Joe instead.

Mike Young, Esq.

Author Mike Young, Esq.

Mike Young has been practicing business and technology law since 1994 and is an angel investor in startups. He's been an entrepreneur since 1988. To get legal help from Attorney Young, click here now or call 214-546-4247 to schedule a phone consultation.

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