On Friday November 2, MWL Counsel Jody Reed will present a webinar through Federal Publications Seminars on Other Transaction Agreements (“OTAs”). OTAs are a great way for technology companies to get government funding to build a prototype of their technology, so long as there is a potential Department of Defense use, without entering into a standard procurement contract.

The 2016 NDAA breathed new life into the Prototype OTAs. OTAs are a unique federal contractual instrument which have flexible rules for certain agencies to develop product prototypes as well as pursue research and development opportunities. OTAs can be awarded to individual entities or to consortiums, including consortiums formed specifically to perform a specific OTA. Consequently, OTAs are touted as the “freedom to contract” and often are perceived to be less stringent than typical federal procurement contracts because they may be free of many of the onerous requirements and practices characteristic of procurement contracts such as the government contract cost accounting, rights in technical data (and other intellectual property), and other procurement contract unique requirements.

The webinar will provide a brief overview of OTAs, a description of the key elements of consideration for the use of an OTA, and a discussion of the minimum requirements of an OTA for future work.

For more information click on this link.