The market for innovative desktop and cloud-based software solutions is expanding rapidly, driven by the Internet of Things, growth in the fintech and healthcare IT sectors, and advances in artificial intelligence. This change underscores the importance of protecting intellectual property and contractual rights in software-based assets.
However, software licensees and licensors alike often encounter rapid changes in technology, business objectives, and market preferences that can lead to significant disputes over software license agreements. Thus, software license audits are becoming increasingly common. Parties involved in negotiating and resolving license-compliance disputes can consider various strategies to help navigate the process and avoid expensive litigation.
