What is Technology Law?

What is Technology Law?Technology Law

Lawyers in the technology law practice area act on behalf of clients in transactions which involve intellectual property and technology, including joint development projects, strategic sourcing agreements, IP licensing, and manufacturing and collaboration arrangements distribution. These matters often relate to semiconductors, information technology, computers, communications, software, the Internet, and e-commerce. 

Attorneys at SBEMP (Slovak, Baron, Empey, Murphy & Pinkney) law firm provides professional legal advice and services to clients in Palm Springs, Palm Desert, Rancho Mirage, Inland Empire, Orange County, Coachella Valley, Costa Mesa, San Diego, New Jersey, New York, and surrounding locations.

IP Protection and Technology Law

A large number of technology lawyers also undertake active counseling practices regarding IP protection strategies, compatible development, open source licensing, participation in standards bodies, and related areas. 

This practice also comprises accomplishing diligence investigations and discussing terms with respect to IP ownership and technology dependencies in relation to internal IP audits, acquisitions and mergers, public offerings, and a host of such strategic transactions. 

Sourcing is an area that especially calls for expertise in, for instance, corresponding service levels, creating the appropriate scope of services and variable pricing terms. Technology attorneys also usually act as “outsourced general counsel” for companies related to technology.

Practitioners placed in this area have proven their expertise in intellectual property as well as commercial law. They also have adequate knowledge of industry best practices. 

These lawyers should also possess good business acumen because technology lawyers usually help clients in forming the core business terms of the deal, besides giving advice on intellectual property rights allocation, warranties, indemnities, licensing terms and the like. Attorneys practicing technology law are often found keenly assisting clients in creating new models of business.

Some of the main aspects to keep in mind while hiring an attorney for a technology consultation or transaction are background in the relevant segment of the industry, proficiency with the type of intellectual property rights involved, adequate know-how with the implicated technologies and their development, and sufficient experience with party on the other side of the deal. 

A technology lawyer can be expected to swiftly comprehend what assets are most valuable to a client, what synergies the client expects to accomplish through the deal, and a sound strategy of negotiation that takes all these factors into account.

Information Technology Law

Information technology law offers the legal framework for gathering, storing, and distributing electronic information in the global market. Attorneys practicing in this field of the law act on behalf of businesses and individuals from several different industries. 

They assist in giving a structure to the transactions of information technology in a manner that gives maximum economic benefit to the client while safeguarding regulatory compliance. A lot of importance is also placed on foreseeing possible areas of dispute between the parties to a transaction, and making agreements that will address all these concerns, thus eliminating the chances of litigation.

When disputes arise in the area of information technology that cannot be settled outside of the court system, an attorney who specializes in these kinds of cases will always be a strong advocate in comparison to a general legal practitioner. Information technology law firms are interested in hiring attorneys who have practical experience working in the industry before joining the legal profession. 

A lawyer who has such a background will always be more effective at explaining technical concepts to the jury or judge, and he or she is more likely to have contacts within the industry that make getting expert witnesses and consultants less difficult.

Lawyers at the SBEMP law firm serve clients from Palm Springs, Palm Desert, Rancho Mirage, Inland Empire, Orange County, Coachella Valley, Costa Mesa, San Diego, New Jersey, New York, and nearby locations for a range of legal practice areas.

For more information or to request a consultation please contact the law offices of SBEMP (Slovak, Baron, Empey, Murphy & Pinkney) by clicking here. 

SBEMP LLP is a full service law firm with attorney offices in Palm Springs (Palm Desert, Inland Empire, Rancho Mirage), CA; Indian Wells, CA; Costa Mesa (Orange County), CA; San Diego, CA; New Jersey, NJ; and New York, NY.

DISCLAIMER: This blog post does not constitute legal advice, and no attorney-client relationship is formed by reading it. This blog post may be considered ATTORNEY ADVERTISING in some states. Prior results do not guarantee a similar outcome. Additional facts or future developments may affect subjects contained within this blog post. Before acting or relying upon any information within this newsletter, seek the advice of an attorney.

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