Photo by Rodolfo Clix from Pexels.

  • Does the relationship end after the purchase date, or should renewal terms be considered? Are ongoing maintenance and bug fixes required?
  • What deal-breakers need to be clearly addressed at the beginning?
  • Is development/support handled in-house or through a foreign entity outside of the United States?
  • What protocols are in place to ensure data security? What is the plan should a breach occur?
  • Is there a limitation on who may access the technology, such as limiting access to only your employees, and blocking use by your contractors or vendors?
  • Is there an affiliate organization that will be allowed to use the technology?
  • Who owns the rights to development made by the buyer?
  • Are there business hour restrictions for when software must be available to the buyer?
  • Is the vendor even required to provide software updates and bug fixes?
  • If the technology breaks, who is required to fix it, what notice must be provided, and how quickly must the issue be resolved?
  • What is the remedy if the vendor does not meet its service level agreement obligations?
  • Should the source code be held in escrow so that the buyer can access it if the vendor does not fulfil its obligations or goes out of business?

About Lauren McClanahan

Lauren McClanahan is a privacy and branding attorney at Rockridge Venture Law®. Equally adept at creative campaigns as well as technology transactions, Lauren leads clients through copyright, privacy, regulatory, and trademark considerations in optimizing successful e-commerce portfolios. She is a leading voice among women practicing in technology law and an IAPP Young Privacy Professional. Her primary practice areas include copyright and trademark law, data privacy, sports and entertainment law, and technology transactions. Lauren also leads the Knoxville Technology Council’s Women in Tech Committee, and is a Director of the Tennessee Women’s Theater Project. Read more about Lauren, connect with her, and Calendly her.

RVL® Articles by Lauren

What are the Benefits of a Registered Trademark?

Certification Marks / Trustmarks in E-Commerce

Amazon Brand Protection Program

Trademark Due Diligence: Creating a Brand

What You Need to Know about Copyrights and Trademarks in E-Commerce

3 Steps to Creating a Culture of Privacy Protection

About RVL®

Rockridge Venture Law® was launched in 2017 to become the preeminent intellectual property and technology firm across the Appalachian Innovation Corridor. We now have offices in Chattanooga, Durham, and Nashville, and represent clients and interests globally. Our services include all aspects of intellectual property, litigation, M&A, privacy, technology transactions, and ventures.

We’re proud to be a Real Leaders Top 150 Impact Company and B Corp Best for the World for our commitment to triple bottom line business practices. Rockridge® is also certified by 1% for the Planet for its nonprofit partnerships advancing stewardship and sustainability. RVL’s nonprofit partners in 2020 include Green|Spaces, Living Lands and Waters, Mustard Seed Ranch, and the NC State Lulu Games Social and Environmental Impact Competition. We value transparency and proudly publish our yearly impact reports.

Our pioneering environmental and social impact programs attract top-notch legal talent and assure our clients of missional alignment with their corporate values. Rockridge uniquely addresses two modern profit drivers: innovation (uptake and development), and corporate social responsibility. We’re Building Today’s Company for Tomorrow’s Economy® by leading clients through the dizzying array of information controls, by helping them to develop and monetize proprietary assets, and by enabling their impactful products, programs, and principles.

Learn about global impact and innovation leaders at Rockridge I-Suite®.

See case studies on how we’ve helped transformative companies at Rockridge Case Studies.

Please note that this guide is for informational and advertisement purposes only. The use of this guide does not constitute an attorney client relationship. As laws frequently change and may be interpreted differently, RVL® does not in any way guarantee the accuracy or applicability of this information.

Lauren McClanahan

Author Lauren McClanahan

Lauren McClanahan is a data privacy and brand law attorney at Rockridge Venture Law®. Equally adept at creative campaigns as well as technology transactions, Lauren leads clients through copyright, privacy, regulatory, and trademark considerations.

More posts by Lauren McClanahan

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