Technologic Contracts

Technologic Contracts

1. Technology sector professionals are required to lead digital transformation processes along organizations, therefore, it is important to be able to analyze advantages, disadvantages and opportunities from the use of different types of technologic contracts to carry out a negotiation and commercialization processes.

2. "Technologic contracts become a technological relationship, in which rights and obligations are created, transmitted, modified or extinguished to trade technologic objects." Behar Quiñones, G. y Yáñez Figueroa, A. (2014)

   • “specifies the objective, functionality, operability, form of transmission, legal nature, maintenance and specifications or particularities of the system (software) or hardware”

3. Software Contracts

   • Commercial software
     • software bought in stores with an established contract form that can’t be modified
       • Shrink Wrap
       • Click Wrap
       • Browse Wrap
   • Customized and specialist software
     • computer programs and platforms created specifically to meet the needs and specific processes of an organization
       • Contract to grant a license for using the specialized and customized software: Turnkey contract
       • Contract to supply Software implementation services
       • Contract to supply Software maintenance services
       • Contract to supply Software development services

4. Hardware Contracts

   • Hardware contracts are more easy to define given that there is a tangible object to trade. The following are the must common contracts
     • Contract of sale
     • Contract of test and purchase
     • Contract of lease
     • Contract of financial lease

5. Licensing

   • Licensing is one of the must common mechanism used to transfer technology. According to Ryder, R. D., & Madhavan, A. (2014) in order to define the scope of a license in a technology negotiation
     • The element of property to be licensed
     • The entity to whom the property is being licensed
     • The geographic extent of the license
     • The commercial extent of the license
     • The duration

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