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Software Compliance Risks inM&A TransactionsPresented by Robert J. ScottManaging Partner Scott & Scott, LLP●www.ScottandSc...
Software Compliance Risks in M&A TransactionsTypes of Transactionsο Stock Transactionsο Asset Purchase Agreementsο Reverse...
Software Compliance Risks in M&A TransactionsImportant License Provisionsο Definition of Licenseeο Scope of Confidentialit...
Software Compliance Risks in M&A TransactionsCincom vs. Novelisο No Right To Transfer Unless Specifically Granted InThe Li...
Software Compliance Risks in M&A TransactionsACS vs. Cincomο Cincom Claimed That Xerox Transaction ConstitutesA Prohibited...
Software Compliance Risks in M&A TransactionsDeal-Specific Issuesο Stock Transactions – Look For Change In ControlLanguage...
Software Compliance Risks in M&A TransactionsAssessing the Risksο Review the Value of the Software in Questionο Determine ...
Software Compliance Risks in M&A TransactionsRisk Mitigation Strategyο Pre-Deal Software License Reviewο Adding Software A...
Contact InformationRobert J. Scott, Esq.Managing PartnerScott & Scott, LLP.1256 Main Street, Suite 200Southlake, TX 76092P...
Contact InformationRobert J. Scott, Esq.Managing PartnerScott & Scott, LLP.1256 Main Street, Suite 200Southlake, TX 76092P...
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Software Compliance Risks in M&A Transactions

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Robert J. Scott, attorney, says the IT assets acquired in a merger may have greater liability attached to them than the assets are worth. In this webinar, Rob covered how to avoid IP pitfalls, tips on asset due diligence and key provisions that should be included in M&A documents.

Published in: Business, Technology
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Transcript of "Software Compliance Risks in M&A Transactions"

  1. 1. Software Compliance Risks inM&A TransactionsPresented by Robert J. ScottManaging Partner Scott & Scott, LLP●www.ScottandScottllp.com
  2. 2. Software Compliance Risks in M&A TransactionsTypes of Transactionsο Stock Transactionsο Asset Purchase Agreementsο Reverse Triangular Mergersο Statutory MergersCopyright © 2013 – Scott & Scott, LLP
  3. 3. Software Compliance Risks in M&A TransactionsImportant License Provisionsο Definition of Licenseeο Scope of Confidentiality Provisionο Provisions related to Third-Party Accessο Outsourcing & Third Party Maintainer Provisionsο Transferability Provisionsο Definitions of Affiliateο Anti-Reverse Engineering Provisionsο Indemnity and Holdback ProvisionsCopyright © 2013 – Scott & Scott, LLP
  4. 4. Software Compliance Risks in M&A TransactionsCincom vs. Novelisο No Right To Transfer Unless Specifically Granted InThe License Agreementο Reverse Triangular Merger Constitutes A ProhibitedTransfer Under The Terms Of The Licenseο Acquiring Company Required To Relicense SoftwarePrevious LicensedCopyright © 2013 – Scott & Scott, LLP
  5. 5. Software Compliance Risks in M&A TransactionsACS vs. Cincomο Cincom Claimed That Xerox Transaction ConstitutesA Prohibited Transfer Citing Cincom vs. Novelisο ACS Filed Declaratory Judgment Action In NorthernDistrict Of Texas Seeking A Declaration That NoAdditional License Fee Was Owedο Matter Was Settled Out Of Courtο Cincom Vs. Novelis 6th Circuit Opinion RemainsPrevailing LawCopyright © 2013 – Scott & Scott, LLP
  6. 6. Software Compliance Risks in M&A TransactionsDeal-Specific Issuesο Stock Transactions – Look For Change In ControlLanguage Usually Greater Than 50%ο Asset Purchase – Look For Assignment Rights,Silence Is A Problemο Joint Ventures – Look For Definition Of AffiliatesAnd Third-party Access And ConfidentialityProvisionsο Mergers – Review Statutory Merger StatutesCopyright © 2013 – Scott & Scott, LLP
  7. 7. Software Compliance Risks in M&A TransactionsAssessing the Risksο Review the Value of the Software in Questionο Determine Whether Publisher Typically AllowsTransfer if Askedο Review Language in License Agreement toDetermine Definition of Affiliateο Research Publisher’s Position Regarding OtherCompanies’ License Transfersο Identify Transfer Fees Outlined in LicenseAgreement, If AnyCopyright © 2013 – Scott & Scott, LLP
  8. 8. Software Compliance Risks in M&A TransactionsRisk Mitigation Strategyο Pre-Deal Software License Reviewο Adding Software Asset Schedules to Deal Docsο Post-Deal Notice and Permissionsο Negotiating New License TermsCopyright © 2013 – Scott & Scott, LLP
  9. 9. Contact InformationRobert J. Scott, Esq.Managing PartnerScott & Scott, LLP.1256 Main Street, Suite 200Southlake, TX 76092Phone: (214) 999-2902Fax: (214) 999-0333E-Mail: rjscott@scottandscottllp.comSoftware Compliance Risks in M&A TransactionsCopyright © 2013 – Scott & Scott, LLP
  10. 10. Contact InformationRobert J. Scott, Esq.Managing PartnerScott & Scott, LLP.1256 Main Street, Suite 200Southlake, TX 76092Phone: (214) 999-2902Fax: (214) 999-0333E-Mail: rjscott@scottandscottllp.comSoftware Compliance Risks in M&A TransactionsCopyright © 2013 – Scott & Scott, LLP
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