In SaaS agreements, assignment clauses govern the ability of either party to transfer its rights or obligations to another entity. Both vendors and customers have a vested interest in how this clause is crafted, as it can significantly affect the flexibility and...
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🚨 FTC’s “Operation AI Comply”: Cracking Down on Deceptive AI Schemes
AI is everywhere you look – no surprise that with the proliferation of AI come the fraudsters attempting the use the new found technological prodigy for nefarious purposes. The Federal Trade Commission (FTC) has launched Operation AI Comply, a sweeping enforcement...
🌩️ Force Majeure in SaaS Contracts: Preparing for Unexpected Disruptions
When operating a Software as a Service (SaaS) business, anticipating the unexpected is key to reducing risks. One way to mitigate disruptions is through a well-drafted force majeure clause in your contract. This provision can protect both SaaS providers and customers...
🕵️♂️ Navigating Due Diligence in SaaS Acquisitions
When acquiring a SaaS business, due diligence is critical to uncover potential risks and ensure a successful transaction. Below are key areas to evaluate during the due diligence process, with each section focused on a specific topic. Ownership of Intellectual...
🏢𝗪𝗵𝘆 𝗬𝗼𝘂𝗿 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗡𝗲𝗲𝗱𝘀 𝗮 𝗣𝗼𝗹𝗶𝗰𝘆 𝗳𝗼𝗿 𝗔𝗜 𝗨𝘀𝗲
Companies need a well-defined AI use policy to ensure responsible, transparent, and ethical use of this powerful technology. Without clear guidelines, businesses face legal, ethical, and operational challenges. 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 AI-related laws are evolving...
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