With record sales topping $544 billion in 2022 and no sign of descent in sight, the public cloud and related services continue to soar to new heights.
Tech & Sourcing @ Morgan Lewis
TECHNOLOGY TRANSACTIONS, OUTSOURCING, AND COMMERCIAL CONTRACTS NEWS FOR LAWYERS AND SOURCING PROFESSIONALS
The European Union’s General Data Protection Regulation (GDPR) requires companies to monitor and comply with some of the strictest privacy laws in effect. Now, the European Commission is refocusing efforts and oversight on ongoing investigations under the GDPR. Going forward, companies may want to focus even more intently on their compliance as the EU steps up investigatory procedures.
The decision to terminate an agreement cannot be taken lightly. In exercising the option, understanding the key terms of the agreement and necessary steps to effectuate the termination are critical. As we have previously highlighted in past Contract Corners, termination provisions may include a variety of mechanisms built into them and one cannot assume that all termination provisions require the same steps to be taken. When considering a termination, a party must take the time to assess the actual termination rights under the agreement, what, if any, notice period will apply, and whether the termination will result in any payment or other obligations.
Please join us on Tuesday, February 7, 2023 at 11:30 am to 12:30 pm ET as Morgan Lewis partners Randy Wood, and Nancy Yamaguchi provide a summary of significant market trends in M&A in the technology sector.
In 2023, many companies are looking to get ahead of the issues that are expected to shape the next few years. In our industry outlook, “The Trends—and Traps—That Will Shape 2023,” our lawyers provide a high-level overview of what’s in store for various global industry sectors, highlighting some of the top tech trends and global regulatory developments.
The European Union’s Digital Services Act (DSA) came into force on November 16, 2022. The DSA creates comprehensive new obligations for online platforms, introduces protections for users' rights online, and places digital platforms under a new transparency and accountability framework. The DSA is a first-of-a-kind regulatory toolbox globally, which sets an international benchmark for a regulatory approach to online intermediaries.
In Part 1, we discussed what a dependency in a technology integration is and how to deal with it in a contract. In this installment, we’ll consider how to address the risk of the assisting party not providing required information or assistance.
New York recently passed a law that, effective immediately, allows student athletes at colleges within the state to receive compensation for their name, image, and likeness (NIL) being used to endorse products and services, without the risk of losing their scholarships or eligibility to participate in their sports.
The California Privacy Rights Act (CPRA) and Virginia Consumer Data Protection Act (VCDPA) took effect on January 1, 2023, establishing some of the most comprehensive consumer privacy rights within the United States. In this post we highlight these changes in law and provide a checklist to help companies comply with these new legal challenges.
Whether an organization is adding a new piece of technology to its platform or acquiring a new product to supplement its offerings, the customer (recipient) and vendor (transferor) will need to work together to ensure the successful integration of such technology or product into the recipient’s systems. More often than not, one party cannot do its part without the other party’s assistance, thereby creating a dependency. In this Part 1, we discuss what a dependency is and how to address it in a contract. Check back for Part 2, where we will review remedies available to the parties in case of a breach of any dependency obligations