Navigating Technology Investments: How Our Technology Transactions Team Helps Clients Balance Risks and Rewards

By Josh Silver

In the fast-paced world of technology, organizations are kept on their toes deciding the right strategic investments in technology to serve their customers, manage internal business functions, and achieve strategic growth. It might be a new SaaS (software as a service) platform, a new website vendor, an artificial intelligence (AI) product, outsourced cloud services, or even consultants for technology-related services.

Law firms are increasingly called upon to navigate transactions involving cutting-edge technology. Why? Because each investment comes with unique risks that must be balanced against the efficiencies and other benefits that the technology provides. Bernstein Shur’s experienced Technology Transactions Team is well-versed in this dynamic field, helping clients navigate the risks and opportunities with technology investments—both large and small—without losing sight of the big picture.

Understanding the Risks

The team’s primary focus is to help clients understand and mitigate the risks inherent in technology transactions. Whether it’s licensing or subscription rights, information security issues, data breach response, technology implementation, technology support and maintenance, or other issues of importance, the team provides insightful guidance on industry standards and risk allocation around these critical areas. For clients on the customer side of a deal, the stakes are high, as liability can be massive. It’s essential to have robust documents outlining vendor requirements and appropriate remedies if things don’t go as planned.

Tailored Solutions for Every Client

Recognizing that each client’s needs are unique, the team offers tailored solutions. From simple online applications not involving the transfer of sensitive data to mission-critical platform implementations requiring extensive configuration work and security measures, the team ensures that every aspect of the technology transaction is meticulously negotiated and documented.

Strategic Negotiations

Negotiating favorable terms for clients is a hallmark of the team’s approach. They adeptly handle all manner of technology transactions, such as website development agreements, hosting arrangements, software licensing, SaaS platform subscriptions, AI licensing, support and maintenance arrangements, and consulting arrangements for technology-related services. The team’s focus is always securing the best possible outcome for our clients through appropriate risk allocation and remedies.

Innovative Pricing Models

The team also offers innovative pricing models, such as tiered flat fees for buckets of hours, providing clients with the flexibility to use legal services as needed without overspending. This approach encourages clients to partner with us even on smaller dollar transactions, ensuring that all client transactions receive the team’s full attention and expertise.

A Partner in Technology Transactions

The Technology Transactions Team is more than just a legal service provider; it’s a strategic partner that helps clients navigate the complexities of technology transactions. With a deep understanding of the industry and a commitment to client success, the team is an invaluable asset for any company looking to secure its technological future.

To learn more, contact Shareholder Josh Silver today.