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CHRIS KORESSIS

Chris practices in the area of business law, including incorporation, shareholders agreements, commercial agreements, corporate finance, mergers and acquisitions and information technology related transactions.

Prior to joining the firm, Chris worked as Senior Corporate Counsel at Geac Computer Corporation Limited (by revenue one of Canada's largest independent software companies) for over 2 years. Prior to Geac, Chris worked for 5 years at Royal Bank of Canada as Legal Advisor, Contracts, Systems & Technology. He then went to CIBC for 5 years to lead the bank's technology law department as Senior Counsel and he also served as Director, Strategic Sourcing. In his role as Senior Counsel and Director, Strategic Sourcing at CIBC, Chris managed the bank's purchasing of corporate services and information technology. He also led a task force on the legal and business issues associated with electronic commerce. Chris' industry and legal experience is of value to his clients from both a legal and business development perspective.

Drafts and negotiates IT related commercial contracts such as: software and system development; software licensing; software distribution; OEM agreements; strategic alliances; master agreements for mainframe, server and desktop computer acquisition and maintenance; network and telecommunication products and services; data processing services; outsourcing and ASP agreements; on-line services; professional consulting services.

Provides legal and business advice on IT issues related to commercial transactions; venture capital, incubation and exit strategies; IPOs; web site development, content and disclaimers; electronic commerce and Internet related corporate governance policies; business conduct policies and ethics; record retention policies; procurement documentation and processes (e.g., RFIs, RFQs and RFPs).

Conducts due diligence in connection with mergers and acquisitions. Drafts and negotiates all related agreements including non-disclosure and evaluation agreements, letters of intent, no-shop and lock-up agreements, asset purchase agreements, share purchase agreements, non-compete agreements, assignment agreements and licensing agreements. Prepares all closing documents. Provides ongoing advice on all post-closing matters including discharging liens and security interests, press releases, notices to customers and employees, integration of the target company, assigning or sub-contracting of customer contracts.

IT is increasingly at the core of every business. Its failure or malfunction could lead to business interruption, loss of income and goodwill, and depending on the circumstances, could threaten human life and safety. IT business law services are therefore of value to most industry sectors, and are needed by clients that are:

  • Buyers or licensees of IT

  • Suppliers of IT

  • Outsourcing customers or suppliers

  • Acquiring or merging with a company whose assets include IT

  • Providing financing or lending to IT companies

  • Taking, giving or realizing security in intellectual property assets

  • Issuing or buying initial public offerings (IPO) and other securities of IT based companies l Issuing or buying software-related, tax-effective limited partnerships

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