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TECHNOLOGY, OUTSOURCING, AND COMMERCIAL TRANSACTIONS
NEWS FOR LAWYERS AND SOURCING PROFESSIONALS
As part of its simplification initiative, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update on August 20 that addresses accounting principles related to cloud computing arrangements.
New Jersey’s Opportunity to Compete Act (OTCA), which restricts an employer's ability to make hiring decisions on the basis of an applicant's criminal background, was signed into law on August 11. A recent LawFlash by Morgan Lewis's Labor and Employment Practice provides an overview of the OTCA—the latest in a wave of "ban the box" legislation that is sweeping the United States—and its implications for employers.
The Payment Card Industry (PCI) Security Standards Council recently published new guidance supporting PCI Data Security Standard 3.0 (PCI DSS 3.0). This guidance was released to help merchants reduce the risk of compromising payment card data when engaging third parties as service providers (e.g., call centers and e-commerce payment providers).
With facilities management outsourcing on the rise, we are seeing an increase in inquiries from customers about how to contract for these services.
With privacy and security obligations consuming more and more attention during contract negotiations, open-source issues seem almost an afterthought.
A severability clause is one of those boilerplate sections that are typically hidden among the miscellaneous clauses at the end of a contract.
California Governor Jerry Brown recently signed into law AB 129 , a bill intended to ensure that the use of various forms of alternative currency does not violate California law.
Your experiences may be different, but the excusable events that we see in force majeure clauses vary widely—from specific events that could not have been prevented to any event beyond a party's reasonable control.
As the outsourcing industry matures and contracts run their full cycles, we have seen an influx of deals that are expiring or up for renegotiation or resourcing.