An owner of a trade secret that has been misappropriated may seek remedies of injunctive relief and monetary damages, to compensate it for the economic harm resulting from the party that stole and benefitted from the theft of the trade secret. While injunctive relief is the gravamen of any trade secret misappropriation claim, the available
Webinar Recording: Best Practices for Companies Using Generative AI for Business Purposes
On July 26, Taft partner Marcus Harris and attorney O. Joseph Balthazor Jr., offered best practices for companies using generative AI for business purposes. This webinar explored how business are using generative AI now; legal issues surrounding generative AI; regulations in place for generative AI; and more.
To watch a recording of this webinar, click
EU Passes Artificial Intelligence Legislation
On June 14, 2023, European Union (EU) parliament members passed the Artificial Intelligence Act (the “EU AI Act”) which, if enacted, would be one of the first laws passed by a major regulatory body to regulate artificial intelligence. It would also potentially serve as a model for policymakers here in the United States as Congress
Digital Transformation – The Statistics Are Not on Your Side
We have often heard that mantra “digitize to survive.” Businesses initiate a digital transformation to drive growth, improve business processes, and enhance the customer experience. According to Gartner, digital transformation is an organizational priority for 87% of senior executives.
A number of studies from academics, consultants, and analysts indicate anywhere from 70% to 95% of
Webinar Recording: How To Avoid a Digital Transformation Relationship Trainwreck
On April 20, Taft partner Marcus Harris and associate Nick Brankle provided tips to avoid a digital transformation relationship trainwreck. This webinar included ways to manage risk, spot vendor red flags, avoid litigation, and negotiate software contracts.
To watch a recording of this webinar, click here.
Harris to Speak on SaaS Contract Negotiations during Pemeco Webinar
Taft Chicago partner Marcus Harris will be a featured speaker for Pemeco Consulting’s webinar, “SaaS Contract Negotiations: A Winning Playbook,” on April 27. The webinar will provide insights on the typical negotiation cycle, key contract terms, how to build a strong bargaining position, and how to master negotiation strategies.
For more information or to register, click
What If Your Software Provider Goes Bankrupt? Navigating Section 365(n) and Software Licensing Agreements
Section 365(n) of the United States Bankruptcy Code (11 U.S.C. Title 11) protects the rights of intellectual property (IP) non-debtor licensees. Section 365 of the Bankruptcy Code allows a debtor –in-possession, or a trustee (e.g., a software vendor) to: (a) assume, (b) assign, or (c) reject certain executory contracts – which would typically include software
Webinar: How To Avoid a Digital Transformation Relationship Trainwreck
Join Taft partner Marcus Harris and associate Nick Brankle for a complimentary webinar on April 20, 2023, at 12:30 PM EST / 11:30 AM CST. Harris and Brankle will provide tips to avoid a digital transformation relationship trainwreck. This includes how to manage risk, spot vendor red flags, avoid litigation, and negotiate software contracts.
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Top ERP Trends of 2023
ERP software continues evolving, and digital transformation remains as relevant as ever for modern commercial enterprises. Keeping up-to-date is essential for your business. Post-COVID, there have been non-stop developments in ERP software trends, pushing IT leaders to reprioritize constantly. Here is a breakdown of the latest ERP trends we expect to see in 2023:
- Cloud
Migrating To The Cloud – Don’t Believe The Hype
With so many companies switching to a cloud solution, it is difficult to imagine it any other way than good. However, that is far from the truth.
Cloud ERP is unquestionably great for vendors. It shortens the sales cycles, decreases contract negotiations, and above all increases software vendor profits. For vendors it results in a