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

   • 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

3. According to the technologic object, the technologic contracts are clasified in: Software contracts and Hardware contracts

4. Depending on the bargaining power of the parties and the technology involved, the license can be granted by an agreement, but terms can vary widely according to the following elements

5. 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

6. Commercial software: software bought in stores with an established contract form that can’t be modified: Shrink Wrap Click Wrap Browse Wrap

7. 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

8. nderstanding the technology as an asset provides an opportunity to create value from innovation, whether it is a software or a hardware, there are a large number of options for its commercialization

9. Managers must identify the different elements that must be included in a technologic contract as a key factor of a successful negotiation.

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