The Knowledge Group Has Scheduled a Live Webcast on Managing SaaS Agreements

New York, NY, December 05, 2015 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Managing SaaS Agreements: Risk Management and Best Practices. This two-hour event is scheduled on Tuesday, January 19, 2016 at 3:00 PM - 5:00 PM ET.

Event Synopsis:
There is little doubt that the shift from local to remotely hosted cloud software applications is progressing rapidly in many industries. Keeping costly IT infrastructure continues to decline as SaaS subscriptions are adopted. A recent study finds that Software-as-a-Service (SaaS) is already heavily used in many industries. Even those that are slow to adopt advanced technology, such as the insurance industry, have adopted SaaS. At least 25 percent of all insurance companies use SaaS.

Yet, it's crucial for consumers to take into consideration the advantages, risks, and liabilities associated with SaaS agreements.

SaaS adoption reduces the customer’s need for dedicated, internal IT resources, personnel, and hardware. Usually, there is an annual subscription. Saas is more easily and rapidly deployed and configured with lower cost, no maintenance, and optional scalability. There is an assumption of increased data security and information privacy.

However, if the Internet access is compromised or the hosted application is not available, business operations can be significantly impaired. Bankruptcy or insolvency of the cloud provider can prove to be a disaster even if there is a disaster recovery plan. Failure of the host to compliance with increasingly stringent data security and privacy regulations and breach notification can result in legal actions.

The risks and liabilities point to the importance of having a carefully reviewed contractual agreement with a SaaS provider. Due diligence and legal review of the agreement will help to reduce the complications, costs, and regulatory liabilities such as SaaS failure and cloud provider problems or bankruptcy.

In this two-hour, live Webcast, hosted by The Knowledge Group, our panel of key thought leaders and practitioners will discuss the advantages and disadvantages of adopting SaaS. This interactive course will help company executives, counsel, and IT managers understand the importance of developing and managing SaaS agreements. Speakers will also help firms better understand how to identify pitfalls and mitigate risks.

Key issues that will be covered in this course are:
- Software-as-a-Service Agreements – An Overview
- Key Considerations and Benefits
- SaaS Application and Termination
- License Agreements
- Recent Legal Issues
- Data Privacy and Security Compliance
- Potential Liability and Risks
- Best Risk Management Practices

Speakers/Faculty Panel

Lewis Brisbois Bisgaard & Smith LLP
Michael G. Platner
Partner

Lewis Brisbois Bisgaard & Smith LLP
Joshua S. Hodas
Partner

PactSafe
Brian Powers
Founder/CEO

Schultis Law Group PLLC
Larry Schultis
Founding Partner

Miller Thomson LLP
David Schnurr
Partner

For an updated list of the faculty panel, please visit:
https://theknowledgegroup.org/event-homepage/?event_id=1295

About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.

Visit http://theknowledgegroup.org/ for further information and inquiry.