Technology

We acted for one of the largest public companies in Canada in its industry sector in negotiating and formalizing a complex cross-licensing agreement involving the research and development of hardware and software technology for mission-critical applications in tough, physical environments. Highly unusual risk factors involving the software source code (only a limited number of individuals were familiar with it) were addressed through a unique source code escrow agreement with provisions to protect our client’s interest.
We acted for a BC technology company in negotiating and completing a seven figure development, licensing, and support agreement involving a major Canadian transportation company.
A Canadian client was interested in licensing software as an exclusive Canadian licensee from a US company. Our client had paid the licensor on a handshake to customize the software for Canadian end user requirements. Subsequently, our client contacted us on an urgent basis because the US licensor was in dire financial straits and our client wanted to do what it could to acquire and retain rights to the software for sublicensing to its Canadian end users. We prepared a complex agreement on short notice addressing the prospective statutory liens to be asserted by US government agencies for unpaid taxes by the US-based licensor as well as the realization by a secured creditor over the licensor’s assets. Our client received and was able to retain the software it paid for without adversely affecting the rights of the licensor’s US-based creditors.
Our client had developed world-class, cutting-edge technology and found an initial partner willing to be an early adopter and integrate our client’s technology with its own product. We helped our client with an elegant Technology Development and License agreement with co-branding elements, reasonable allocations of risk, cost sharing, title ownership aspects to help in financing, all while protecting its copyright and patent-pending intellectual property assets. The product launch was successful, sold out, and led other industry players to adopt our client’s technology into their products. That client later went on to a $175 million exit.

We acted for one of the largest public companies in Canada in its industry sector in negotiating and formalizing a complex cross-licensing agreement involving the research and development of hardware and software technology for mission-critical applications in tough, physical environments. Highly unusual risk factors involving the software source code (only a limited number of individuals were familiar with it) were addressed through a unique source code escrow agreement with provisions to protect our client’s interest.
We acted for a BC technology company in negotiating and completing a seven figure development, licensing, and support agreement involving a major Canadian transportation company.
A Canadian client was interested in licensing software as an exclusive Canadian licensee from a US company. Our client had paid the licensor on a handshake to customize the software for Canadian end user requirements. Subsequently, our client contacted us on an urgent basis because the US licensor was in dire financial straits and our client wanted to do what it could to acquire and retain rights to the software for sublicensing to its Canadian end users. We prepared a complex agreement on short notice addressing the prospective statutory liens to be asserted by US government agencies for unpaid taxes by the US-based licensor as well as the realization by a secured creditor over the licensor’s assets. Our client received and was able to retain the software it paid for without adversely affecting the rights of the licensor’s US-based creditors.
Our client had developed world-class, cutting-edge technology and found an initial partner willing to be an early adopter and integrate our client’s technology with its own product. We helped our client with an elegant Technology Development and License agreement with co-branding elements, reasonable allocations of risk, cost sharing, title ownership aspects to help in financing, all while protecting its copyright and patent-pending intellectual property assets. The product launch was successful, sold out, and led other industry players to adopt our client’s technology into their products. That client later went on to a $175 million exit.