Technology

Technology

The technology industry evolves at a rate exponentially faster than most, with 50% of technology growth worldwide the result of emerging technologies. The business technology market spends almost $4 trillion a year on innovative ideas, constantly looking to upgrade or overhaul infrastructure, software, and services.


Seiler Mitby works with cutting-edge technology companies who focus on:

  • Software
  • Hardware
  • Telecommunications
  • Games and entertainment
  • Streaming media
  • eCommerce
  • IT and business services
  • Blockchain
  • Artificial Intelligence
  • Robotics
  • Cybersecurity
  • Virtual and augmented reality
  • And more

Continued growth in this industry requires legal support for technology companies in such areas as intellectual property claims, employment issues, and dispute resolution.

Issues Unique to the Technology Industry

The technology industry faces unique challenges, which often require guidance from a sophisticated legal team with the experience and knowledge to understand where innovation meets the law. Below are a few areas where technology can face certain hurdles unique to the industry:

Privacy

As the single biggest issue consumers care about, the collection and usage of data from customers and users continues to be at the forefront of this industry. As the technology evolves, so does the law. New data protections laws are emerging all the time, and companies are responsible for ensuring compliance as they are passed.

Security

There are 2.5 quintillion bytes of data created each day, and that pace is only accelerating. Ensuring that data is secure is crucial for the success of any technology company, whether that be the company’s proprietary data or the data of their customers and users.

Bias and Discrimination

Algorithms and artificial intelligence are making day-to-day life easier, but do these advanced tactics unwittingly promote discrimination? For instance, early stages of facial recognition software encountered issues with identifying minorities and women, as the early data sets were of primarily white males. Ensuring your technology complies with anti-discrimination laws is paramount.

Copyright laws

Technology – including an increase in connectivity thanks to the Internet – has made it easier than ever for someone to have an idea, record it via video, sound, or image, and then release it to the world. Unfortunately, copyright laws haven’t caught up to the speed at which content can and is being created.

Data

Data has become a major asset in many corporate technology transactions, and can often be a key point for business deals ranging from M&A to real estate transactions. Because data can be a crucial component, these deals often involve intensive diligence and difficult negotiations.

Leading the Way in Technology Industry Law

At Seiler Mitby, we provide not only legal analysis for our clients, but also industry intelligence. We craft solutions for technology industry clients, from start-ups to Fortune 500 companies and everything in between. As regulations and laws evolve – and government scrutiny on technology companies continues to increase – we are here to serve as partners, providing legal counsel on multiple fronts. With a diverse background, our attorneys can craft effective and personalized solutions for our clients, resulting in favorable outcomes.

 

 

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