Negotiating Technology Contracts – Requirements

Stephen F. Pinson, The Pulse, July 2017

One of the most overlooked sections in a technology-related contract is the insurance section.  Whether that contract involves IT services, development, Software as a Service or Cloud Services, the insurance section is just as important as the other risk-allocating provisions contained in the contract.  Yet, in most of the contracts in the industry, the original contract is silent on insurance and there is no insurance provision drafted.  This leaves a business customer vulnerable to risks that are not covered by insurance.  This discussion will help identify what provisions are actually needed in a contract to properly allocate the risks.