Technology Law

In Growing Analytics Market, Verbal Agreements Can Backfire

, New York Law Journal


In their Technology Law column, Richard Raysman and Peter Brown write: Database analytics providers enter a nascent market without dominant legacy providers controlling vast swaths of market share and holding an iron grip over all forms of usable technology. This arguably creates a greater incentive for prospective providers to eschew contractual obligations and misappropriate confidential information as a means of immediately satisfying snowballing demand. In this environment, the possibility for circumvention of contractual obligations is heightened further when such purported obligations are memorialized merely in an oral agreement.

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