Managing Third-Party Infringement Liability
Overview
Third-party infringement liability can pose significant risks to your organization, especially in IT contracts where intellectual property rights are frequently at play. This Power Lab provides a comprehensive understanding of how to mitigate infringement risks through effective drafting and negotiation of indemnification clauses.
Participants will explore strategies to allocate risk fairly, address vendor responsibilities, and negotiate protective measures that safeguard your organization against costly legal disputes.
Upcoming Events
This Power Lab is ideal for:
Contract Negotiators: Ensure third-party risks are addressed during vendor discussions.
Legal Professionals: Build expertise in intellectual property liability and indemnification.
IT Procurement Specialists: Gain tools to mitigate infringement risks in IT agreements.
By the end of this Power Lab, participants will:
- Understand Infringement Risks: Identify and analyze key areas of third-party liability.
- Draft Protective Clauses: Create clear and enforceable language to limit exposure.
- Negotiate Risk Allocation: Develop strategies to secure balanced terms with vendors.
What are ICN's Power Labs?
ICN’s Power Labs are a series of interactive, 90-minute workshops designed specifically for IT procurement professionals. Each Power Lab focuses on practical, real-world challenges faced in IT contract management, vendor negotiations, and risk mitigation. With expert-led instruction and hands-on exercises, these workshops deliver actionable skills that participants can immediately apply to enhance their roles and drive organizational success.
Topics and Activities - Agenda
1. Introduction (10 minutes)
- The impact of third-party infringement liability on IT contracts.
- Key objectives for managing risk effectively.
2. Instruction (20 minutes)
- Types of infringement risks in IT agreements.
- The role of indemnification clauses in mitigating third-party risks.
- Best practices for drafting protective provisions.
3. Interactive Lab (50 minutes)
- Scenario #1 – Clause Drafting: Analyze and improve an indemnification clause.
- Scenario #2 – Risk Negotiation: Role-play negotiations with a vendor to manage liability.
- Group debrief on lessons learned and best practices.
4. Wrap-Up and Q&A (10 minutes)
- Recap of actionable takeaways.
- Open discussion of participant-specific questions and challenges.
Take control of third-party risks. Reserve your spot in this Power Lab today!
