In many license and services agreement negotiations the last clause to be finalized is the limitation of liability clause. There’s good reason for this because at the end of the day, after all the details regarding obligations and performance have been worked out and...
Decades in Business,
Technology and Digital Law
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Year: 2024
SOURCE CODE ESCROW FOR SAAS: FRIEND OR FOE?
Source code escrows have always been a bit of a strange beast. Though, the idea is simple enough: if there is a vendor meltdown for mission critical software, then the licensee gets a delivery of the source code in order to continue to maintain the software in a...
AI Law: Part 1 – New York Times Case as a Primer
This article is the first in a series exploring legal issues impacting artificial intelligence (AI) use and development. Even though the capabilities of AI are still in their infancy, the use of AI is already pervasive in all industries. So, it should not be...
Online Consent Farms – Not a Healthy Business
A consent farm is a website that is designed only to gather personal information, which is then sold as leads to third party businesses. The business concept is not illegal, but how such a model is executed may be. Response Tree provides a good lesson on activities to...
Better Late than Never: IRS imposes cryptocurrency reporting
You’re probably aware that the IRS requires reporting on Form 8300 if someone engaged in a trade or business receives $10,000 or more in cash for a transaction or series of transactions (Internal Revenue Code, Sec. 60501). The purpose of such requirement is to prevent...
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