The economic activity of each company has its specificity and nuances: the way of doing business, legal regulation, the status of parties of legal relations, and taxation may differ. It is almost impossible for an entrepreneur to know all the particularities and features of the legal aspect of own business. IT companies are no exception.
The IT business is so specific, that’s why an “ordinary” lawyer is unlikely to be able to provide qualified legal assistance in supporting IT projects
WHAT IS THE SPECIFICITY OF THE LEGAL SUPPORT OF IT COMPANIES?
1. IT business constantly faces various legal issues that concern vastly different branches of law
Starting with the choice of the taxation system for an IT company, formalizing legal relations with counterparties and protecting intellectual property rights, and ending with the preparation of specific IT agreements (NDA, SLA, MLA, SDA, SaaS). Moreover, IT business, like any other economic activity, sooner or later faces the need to optimize and restructure it.
2. IT business is transnational
This kind of business is associated with many jurisdictions that regulate the same or very similar legal relations in completely differently. Therefore, support of IT business requires, in addition to knowledge and experience in IT law, the presence of a wide network of partners in various countries who can provide the necessary services or information in each specific case. VigoLex is proud that its team members over the years of practice have developed excellent business relations with consultants from various countries, who also specialize in supporting IT projects within local jurisdictions.
3. IT business is innovative
New scopes are constantly emerging in the IT business, requiring new legal regulation, so it is very difficult to be aware of all the changes. A lot of effort and constant attention to detail are required.