Entering into cloud computing contracts without understanding the inherent risks can cripple an otherwise healthy organization.
Southlake, Texas (PRWEB) February 18, 2016
One of today’s hot topics in technology transactions is cloud computing. Businesses are focusing on the potential cost savings, profits and agility to be found in the cloud. Entering into cloud computing contracts without understanding the inherent risks can cripple an otherwise healthy organization. On February 25th, Robert J. Scott, Managing Partner in technology law firm, Scott & Scott, LLP, will cover how to address these risks through proper contracting and risk transfer using insurance in Texas Lawyer’s In-House Counsel CLE series.
The ability to safely leverage cloud-based technology offerings is becoming increasingly important as cloud adoption continues to grow. Robert J. Scott will address the various legal challenges for businesses utilizing or providing cloud computing services. He will identify the three areas that present the highest risk - business, legal and regulatory - and offer suggestions for mitigating those risks including the place for cyber risk insurance.
Rob will highlight contract issues that should be covered in agreements, such as:
- What happens if there is a data loss?
- What jurisdiction will prevail if there is litigation?
- What regulatory issues affect the business?
- What is the document retention policy?
- Will encryption be used in data storage and transmission?
- How and in what format will data be kept?
- What tools will be available to access data for any e-discovery needs?
- What country will data be stored?
- What indemnification does the vendor offer for infringement of third-party intellectual property rights?
Texas Lawyer's In-House Counsel CLE series presents sessions on the best practices for in-house counsel in a variety of practice areas.
For more information about the workshop or to register please click here.
About Robert J. Scott
Robert represents mid-market and large enterprise companies in software license transactions and disputes with major software publishers such as Adobe, IBM, Microsoft, Oracle and SAP. He has defended over 225 software audit matters initiated by software piracy trade groups such as the BSA and SIIA. He is counsel to some of the world's largest corporations on information technology matters including intellectual property licensing, risk management, data privacy, and outsourcing. Robert ensures that Scott & Scott, LLP continues its focus on cost-effective strategies that deliver positive results. He is regularly called upon by his peers and the media to share his expertise.