Cloud Computing 2.0: Advanced Seminar on Drafting and Negotiating Cloud Computing Agreements
Program Number: 2125
Presenter: Matthew A. Karlyn, Esq., Aaron Tantleff, Esq.
The number of companies that are exploring and moving into cloud-based solutions is growing at an exponential rate, even though the industry itself is still immature and growing. As companies explore these options, corporate counsel must consider that under certain circumstances, cloud based solutions may pose substantial risks, as evidenced by recent cloud failures. Corporate counsel must also understand and be able to assess the potential risks and liabilities associated with moving their company’s data and applications to the cloud and under the control of a third party. In this presentation, Matt Karlyn and Aaron Tantleff of Foley & Lardner LLP discuss some of the more significant issues that arise during negotiations with cloud providers and how to effectively negotiate such terms, including: data privacy and security issues, service levels and availability, risk allocation and mitigation, insurance, backup and disaster recovery, and data retention.