The possibility that a critical software provider could become insolvent or enter bankruptcy is one of the risks organizations should consider when negotiating software license agreements and developing business continuity plans. Technology attorney Marcus Harris of Taft examines this issue in his article, “What If Your Software Provider Goes Bankrupt? Read more
Organizations often focus on software functionality, pricing, security, and implementation when negotiating a software or SaaS agreement. However, an equally important consideration is what happens if the organization eventually needs to leave the vendor. A recent TechTarget article, “Software contracts can lock CIOs in long before they need to leave,” Read more
By Martin Kotze, Attorney, Notary & Conveyancer, MJ Kotze Inc. Originally published by MJ Kotze Inc. Republished by InnovaSafe with permission of the author. Tripartite escrow arrangements for SA businesses dependent on mission-critical software. Release triggers, verification, licence on release, and the procedural mechanics that matter when a developer fails. Read more