In this article we do a deep dive on key legal issues when
buying a software business in Australia. Whether the business
offers 'traditional' (on-premise) software, software as a
service (SaaS, or other as-a-service models) or an app to the
market, there are a number of things to make sure you do your
homework on (in addition to the usual things to diligence in an
acquisition). This is against a dynamic backdrop of increasing and
evolving tech-regulation, masses of data, ever-present (and
sophisticated) cyber threats and fast paced technological
development.
1 Intellectual property - do you own it (or have a right to use
it)?
Intellectual property (IP), and understanding
and confirming that the target clearly owns or has sufficient
rights to use all IP needed for its business, is fundamental to the
value, competitive advantage and operation of any software
business. This includes copyright, trade marks and patents. This
article focuses on copyright, particularly