Add effect in the Commercialization Agreement

Aug 6th, 2022
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How to add effect in the Commercialization Agreement

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welcome to the contract teardown show from law Insider where legal experts tear down contracts from some of the most well-known companies and high-profile Executives around the world in this episode privacy expert avishai austrin tears down Slacks data processing addendum so lets tear it down abhishai austrin welcome to the contract teardown show how are you today sir Im doing great thanks for having me Im excited because we are talking about uh maybe my least favorite uh software tool right behind Twitter okay Im not going to rant about Twitter because uh I dont emotionally need to go through that uh we are talking about slack specifically this data processing addendum Im going to show this to the folks at home Im shy what is this thing that were looking at okay so in order to understand what a data processing addendum is we we need to understand two basic concepts in privacy number one is the data controller number two is the data processor so the data controller will be you

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Advantages of Commercialization better choices of products and services that customers can obtain; increased ROI; efficient production process; thought-out decisions; reduced public expenses.
Inequalities of coverage, subscription services expensive. Demand of media and sponsors negatively impact on high-level performers. Media over-sensationalise negative events, poor role models. More breaks in play can disrupt spectator experience.
An agreement between two entities to collaborate on commercializing one or more products incorporating one partys patentable technology, know-how, or other intellectual property (IP).
Economic Growth Whether it be through the licensing of technology to other companies or through the development of new startup companies, commercialization provides new revenue generation and job creation locally, regionally and potential across the globe.
The commodification of culture presents simplistic, packaged notions of culture and has in some case resulted in the loss of indigenous rights and culture.
Commercialisation encouraged social exchange and it made possible the transformation of Indian economy into capitalistic form. Commercialisation linked India with world economy. It led to the growth of high level social and economic system.

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