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The project involved working with Vodeno on the terms of a revised license and service agreement (LSA).
Mr Teare has described how the five-month project illustrated both Bexley Beaumont's reputation and its ability to collaborate on technically complex commercial matters.
"It shows, in part, how the collective skills which we have built up appeal to firms of all sizes in the UK and overseas.
"In particular, it demonstrates how our experience can prove integral to the negotiation of agreements in a range of sectors - in this case, the provision of software to the financial services industry.
"By necessity, this agreement was very lengthy and very detailed, and needed to be reviewed carefully and quickly with clear advice given to our client.
"We also had to be capable of collaborating with lawyers representing the interests of all of the other parties involved.
"That we have an established track record in being able to do so effectively meant that we could make a full contribution and help Vodeno realise its objective."
Founded in 2018, Vodeno's software allows businesses to offer digital banking products, such as mobile bank accounts, debit cards, loans and payment services, directly to their customers.
The amended and restated license and service agreement worked on by Bexley Beaumont was a central commercial and technology law element of the transaction completed earlier this month which saw Vodeno and its sister banking company Aion Bank acquired by UniCredit.
Mr Malinowski acted as the principal legal liaison with Vodeno, while Mr Teare gave substantive commercial and technology legal advice.
It is the latest transitional service work undertaken by Mr Teare during the course of a 25-year career in which he has developed considerable experience handling software licensing and infrastructure projects on behalf of major domestic and international brands.
Formerly an in-house counsel for one of the world's best known technology and entertainment companies, Mr Teare has become acknowledged as one of the UK's legal authorities on digital transformation projects, including those featuring AI
He added that the issues which such matters raised were no longer confined to larger enterprises.
"Many small and medium-sized businesses are now having to confront the challenge of how best to integrate advanced technologies.
"In lots of cases, they will not necessarily employ specialist technicians or lawyers themselves and, therefore, rely on external software providers and advisors to draw up the agreements by which that happens.
"Agreements regulating the use of such software can be complex, something which means that I am increasingly sought out by directors looking for guidance in order to best legally align themselves with companies possessing the technology able to help them achieve their potential."
For further information, please contact James: jamesteare@bexleybeaumont.com | 07709 733459
Or, please contact Dawid: dawiddanielmalinowski@bexleybeaumont.com | 07896 524601
