Thanks to the widespread accessibility of the Internet and smart devices, the general population has become increasingly familiar with the concepts of intellectual property (IP) and intellectual property law. As such, companies and brand owners should become accustomed to the utilization of intellectual property audits. An intellectual property audit can be an especially useful tool when it comes to identifying vital intellectual property assets that need increased protection from the threats of theft or misappropriation.
The phrase “technology transactions” can apply to a number of transactions under intellectual property (IP) law. The phrase often applies to filing registrations of intellectual property (e.g., trademarks, patents, copyrights, etc.), customer or reseller agreements, software licenses or acquisitions, outsourcing or manufacturing agreements, brand licensing, or joint ventures.
A trade secret is generally defined as any formula, process, design, practice, instrument, pattern, commercial method, or compilation of information that is not widely known or reasonably ascertainable by others. Businesses generally leverage trade secrets to attain a business advantage over their competitors. Some refer to trade secrets simply as “confidential information.”
Non-disclosure agreements are legal, binding contracts that protect confidential material, knowledge, or information shared between parties. They are also sometimes referred to as non-solicitation agreements, confidentiality agreements, confidential disclosure agreements, proprietary agreements, anti-circumvention agreements, or secrecy agreements.
Businesses often utilize customer or reseller agreements without even knowing it. Customer or reseller agreements often govern the business relationship one business may enter into with another. Customer or reseller agreements are helpful in establishing the groundwork as well as setting out the terms by which companies will interact with each other.
“The cloud” is often used to refer to cloud computing or cloud storage interchangeably. Cloud computing refers to the technology model for enabling ubiquitous network access to a sharable pool of resources, while cloud storage refers to the technology model where digital data is readily available and accessible through computer services provided by server storage providers. While cloud storage typically refers to hosted object storage, the term has also been used to refer to data storage available as a service, like block storage.
Technology outsourcing, also referred to as information technology outsourcing, is the practice of outsourcing a company’s computer or Internet-related work (e.g., programming, coding, etc.) to other companies. It is often used in connection with the term “business process outsourcing,” which is the practice of outsourcing work that does not require as technical of an expertise. The need for technology outsourcing often arises from a lack of resources or a drive for cost reduction. Information technology outsourcing is also sometimes called information technology-enabled services outsourcing.
Data privacy is a term that refers to the relationship between the collection and dissemination of data and information. Because such information or data often contains personally-identifiable information and other similarly sensitive information, several legal and political issues surround the control and potentially improper disclosure or usage of such data. Moreover, due to the reactionary and ever-changing nature of the laws and regulations that govern protection of such data and information, compliance with these laws often requires companies to constantly reassess their internal and external procedures when dealing with these growing challenges.
In data storage terminology, the phrase “data compliance” generally refers to the practice of ensuring that data is managed or organized in a manner that meets industry-wide regulations and rules set by the relevant jurisdiction or government.
In today’s increasingly connected world, data breaches and hacking have become highly visible concerns due to the proliferation of the Internet and electronic storage of data.
Cybersecurity, also known as information technology security or computer security, refers to the security applied to computers, computer networks, technology infrastructures, and electronic data in general. Simply put, this covers the processes, procedures, and mechanisms by which digital services, equipment, information, and related data are protected from unauthorized access.