MARCH 15TH, 2007 Luncheon CLE Presentation
Oregon State Bar Computer and Internet Law Section

Testing the SOUP (Software of Unknown Pedigree): Software Due Diligence for Mergers, Acquisitions and Source Licensing Deals

The proliferation of readily available and often free-of-charge software components has dramatically shifted the way companies build software. A significant portion of a company's code portfolio may rely on 3rd-party materials distributed under a variety of commercial and Open Source licenses. As a result, a company seeking to purchase
another company's software assets may be walking into a licensing minefield of unknown proportions. Software due diligence should play a critical role in any software-focused merger, acquisition, or code licensing deal.

This CLE will focus on the practical components of software due diligence, from both the buyer's and seller's point of view.

For the buyer:

  • What 3rd-party materials might be part of the seller's materials?

  • How can I better understand the scope and impact of any 3rd-party licenses that might come along with this transaction?

  • Should I request remediation of discovered problems pre-close, and if so, how should that remediation be given effect?

  • Are there any developer contamination risks presented by seller's materials?

  • Am I really getting what I want as part of this deal?

For the seller:

  • How can I avoid downstream problems through proactive coding and documentation techniques?

  • How robust is my 3rd-party material tracking system?

  • How can I prepare for a code audit to help avoid a delay in closing?

Our speaker on this timely topic is Marc Visnick. In just the past 3 years, Mr. Visnick has served as a technical consultant on over 50 software-based corporate mergers, acquisitions and software licensing deals for various Fortune 100 and 500 companies across the United States. An attorney based in Portland, he is also a senior consultant
with Johnson-Laird, Inc., a firm specializing in forensic software analysis. Mr. Visnick is a frequent speaker on the topic of source code auditing, especially in the context of Open Source software. He is a past Chair of the Oregon State Bar's Computer and Internet Law section.

When: Thursday, March 15th, 12:00 p.m. to 1 p.m.

Where: Greek Cusina Restaurant, 404 SW Washington Street, Portland, in the Minoan Room on Floor 2, above the Mezzanine. Enter through Pacific Building on Washington Street & take the elevator to the second floor.

Cost: $22 for CILS Section members; $27 for other bar members and non-lawyers; $17 for students or recent bar admittees.

Registration: Complete the form below and send a hardcopy with payment to:

CILS – CLE
P.O. Box 13693
Portland OR 97213-0693

Make checks payable to "Oregon State Bar".

Or reserve your space via e-mail & pay at the door. Send the completed form to: cils.cle@gmail.com

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Computer & Internet Law Section

CLE Presentation and Luncheon – March 15th, 2007
Software Due Diligence for Mergers, Acquisitions and Source Licensing
Deals

NAME: _______________________________ BAR#: ___________________

FIRM NAME: ___________________________________________________
 

 

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