Clark Wilson LLP's TechFAQs

TechFAQs is our regular electronic publication providing timely information on some of the business and legal issues facing technology and venture-backed companies.

If you would like to discuss any of the topics below in further detail, or have a legal or business related question about your technology company, please contact our editor:

Brock Smith
604.643.3186
bhs@cwilson.com

Latest TechFAQ:

My customer is a large North American company that wants to license my company’s custom developed software application as part of their mission critical inventory control system. At this point, the customer is insisting that the license agreement include an indemnity by my company against any losses arising from any claim that the software infringes any third party’s intellectual property rights (IPRs). Is the scope of this provision too onerous?

Previous TechFAQs:

My customers in other provinces and countries often insist that the governing law clause in my technology license contracts be changed from my own provincial law to the law of their home jurisdiction and that the venue for resolving any disputes also be in their home jurisdiction. Is there any significant risk to my company if I agree to these requests?

Our company plans to start development on a new software product. At a recent planning meeting, our Chief Technology Officer advised that our developers plan to use open source software to create certain key modules of the new software. What impact will this have on our business and the ownership of our new product?

How has the current investment climate affected the deal terms offered by venture capitalists?

There are a lot of us battling for Venture Capital dollars. How do I convince VCs of my company's potential?

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