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Goals of a Master Service Agreement
April 9, 2018Virtus LawNo CommentsCategories: Articles, Business, TechnologyTags: Managed Service Provider, Master Service Agreement, Professional Service Company

Goals of a Master Service Agreement

Many professional service companies use master service agreements with their clients. A master service agreement contains important agreements that have been negotiated with the client. Being clear ab...

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What Minnesota’s Omnibus Tax Bill Might Mean for You
March 30, 2018Virtus LawNo CommentsCategories: Articles, TechnologyTags: Cyber Attacks, Cyber Security, Managed Service Provider, Master Service Agreement, Ransomware

Protecting Against Ransomware Attacks

Cyberattacks are on the rise. In addition to hacking, managed service providers and their clients must now be on guard against evolving cyber-risks, including ransomware is becoming more prevalent. In...

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Protecting Your Intellectual Property
February 26, 2018Virtus LawNo CommentsCategories: Articles, TechnologyTags: Copyright, Intellectual Property, NDA, Non-disclosure Agreement, Patent, Trademark

Protecting Your Intellectual Property

The intangible nature of intellectual property makes it difficult to protect. You can’t just park a security guard next to your intellectual property to keep people from stealing it. In fact, intell...

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Don’t Employ a Break-Fix Strategy for Your MSP Contracts
January 26, 2018Virtus LawNo CommentsCategories: Articles, Business, TechnologyTags: Agreement, Break-fix Strategy, Contract, MSA, MSP

Don’t Employ a Break-Fix Strategy for Your MSP Contracts

Before the evolution of information technology gave us managed service providers, many companies employed a “break-fix” strategy when it came to their computer systems. They waited until their equ...

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What to Include in Your Master Service Agreements
January 16, 2018Virtus LawNo CommentsCategories: Articles, Business, TechnologyTags: Agreement, Contract, IT Managed Service Provider, Master Service Agreement

What to Include in Your Master Service Agreements

If your company provides professional services to clients, then you’re already familiar with master service agreements. Usually called an MSA, this type of contract is spells out important agreement...

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A Short Guide to the Minnesota Revised Uniform Fiduciary Access to Digital Assets Act
December 15, 2017Virtus LawNo CommentsCategories: Articles, Estate Planning, TechnologyTags: Digital Assets, Estate Planning, Minnesota Law

A Short Guide to the Minnesota Revised Uniform Fiduciary Access to Digital Assets Act

When someone passes away, they leave behind a lifetime of possessions, personal property, and even an online footprint. Now, in addition to the tangible assets of the estate like retirement accounts, ...

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What is a Limitation of Remedy Clause?
September 8, 2017Virtus LawNo CommentsCategories: Articles, Business, TechnologyTags: Contract, Limitation of Remedy, MSP

What is a Limitation of Remedy Clause?

In many agreements, you may find a clause labeled “limitation of remedy.” This clause is largely similar to a limitation of liability clause in that it controls how much responsibility a company h...

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Are Clickwrap Agreements for Software Enforceable?
September 6, 2017Virtus LawNo CommentsCategories: Articles, Business, TechnologyTags: Agreement, Clickwrap, MSP, Terms of Service

Are Clickwrap Agreements for Software Enforceable?

You’ve agreed to clickwrap agreements in the past, though you may barely recall doing so. It happens when you install new software on your computer or purchase an online software solution. During th...

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How to Add Performance Standards to Contracts
August 28, 2017Virtus LawNo CommentsCategories: Articles, Business, TechnologyTags: Contract, Negotiation, Performance Standards

How to Add Performance Standards to Contracts

You may have seen a clause in a contract you’ve signed similar to the one below. While the exact language and standards will vary based on the industry, the goal is to ensure one or both parties are...

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What is the Limitation of Liability Clause?
August 23, 2017Virtus LawNo CommentsCategories: Articles, Business, TechnologyTags: Liability, Limitation, MSA

What is the Limitation of Liability Clause?

Contracts often contain clauses designed to limit a company’s exposure to lawsuits and liability, particularly in situation where the claim is not insurable. Especially when drafting a master servic...

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