Our client was recently approached by a company incorporated in the USA to develop a specific seismic software product. The value of the development was in the region of $83,000.
We assisted our client by preparing an agreement which ensured that the intellectual property rights in the software were retained by it and that the scope of the licence was sufficiently defined. The drafting also required careful consideration of pre-existing reseller agreements. Whilst the agreement was governed in accordance with English Law, clauses had to be specifically tailored so that they were acceptable to a company located in the USA.