• Will management and shareholders feel confident that the expenditure was a wise investment?
• Will your business or organization be at risk for any failure to comply with federal or state laws because the computer system or technology is inadequate to meet fundamental recording and reporting requirements? • Is the system going to mitigate or increase potential risk and liability? The purpose of this Guide is to identify some of the key issues and concerns that any business or organization should consider when acquiring computer systems or related technology. It should help you to more efficiently plan for the procurement of technology and the use of appropriate contracts and agreements that can help avoid some of the painful lessons learned by others who have experienced failed systems or technology projects. While a well drafted written agreement is no substitute for a fully functional and secure system, the agreement itself can serve as a useful management tool to document the needs and obligations of both parties. We hope that this Guide will allow anyone involved in technology transactions to form a basic understanding of what issues are important and merit further discussion with legal and other professional counsel.
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