Practice/Industry Group Overview
Technology transactions encompass more than just a term sheet or an intellectual property license. They require attorneys who are well versed in the “art of the deal.”
Procopio’s Technology Transactions attorneys are experienced deal makers who have the requisite business experience to negotiate, draft, and implement technology transactions that capture the intent of the contracting parties while maximizing the protection for our client’s intellectual property position. Our attorneys navigate and chart strategies for transactions that intersect intellectual property, corporate, licensing, litigation and related matters. Depending on the size and complexity of the deal, our attorneys often loop into other firm experts in tax, securities, employment, and healthcare law. The result is a carefully crafted agreement that draws upon the collective experience of our attorneys.
As technology continues to evolve at the speed of thought, we are positioned to deliver best in class service. In most cases, we are asked to advise technology companies as an offsite or virtual advisor. However, in instances where technology transactions need on-site collaboration, Procopio commits its attorneys to travel both nationally and abroad in order to achieve a client’s unique goals and objectives.
Due to the industry spanning nature of technology transactions, our attorneys draft agreements that apply to numerous business sectors, including but not limited to:
- Co-branding agreements
- Data privacy, transfer, and security
- Distribution and licensing agreements
- Exports and imports
- Information technology agreements
- Intellectual property licensing (includes patent, copyright and trademark)
- Materials transfer agreements
- Outsourcing and software licensing initiatives
- Reseller agreements
- Strategic alliances and joint ventures
- Supply agreements
We do not take a one size fits all approach to our client’s needs. Every technology transaction is approached with measured fact-gathering, business modeling, and appropriate intellectual property safeguards. With this in mind, we serve as thoughtful advisors committed to learning about our client’s business and how a given technology transaction would best serve that purpose. We take an integrative approach to negotiating, crafting, and implementing a wide variety of technology transactions.
Comprehensive Due Diligence
Technology transactions require a comprehensive approach, a thoughtful understanding of a client’s needs, and a cost-efficient network of attorneys to fashion the correct agreement. Our goal at the outset is to understand your business and what elements would enable our collective deal team to achieve its goals. We have 30+ intellectual property attorneys whose experience spans multiple industries in order to secure your company’s interests. Our deal teams are comprised of savvy intellectual property and corporate attorneys who can rapidly issue spot items that are particular to your specific industry. In addition, our deal teams work with you to structure technology transactions that leverage potential opportunities for your expanding business needs and goals. Furthermore, once a technology transaction is perfected, our role is to serve as a continuous legal advisor as your business needs evolve. Often, we remain a vital resource for client business teams following the closing of their technology transaction and continue act as their outside general counsel on transactional and related matters.