[Digital Healthcare Attorney] Legal Review of Medical Device Joint Operation Agreement

Law firm Veat conducted a review of the medical device joint operation agreement at the request of B Company, a manufacturer of medical devices including medical devices such as medical devices.

B Company sought to establish a joint operation agreement with C Hospital, granting B Company’s medical device usage rights and obtaining profits from the medical devices during the contract period, and contacted Law firm Veat to receive assistance from legal experts prior to contract execution.

The Digital Healthcare Team of Law firm Veat reviewed the medical device joint operation agreement and found that the ratio of profits, the scope of installation obligations, and the criteria for imposing default interest payments were vaguely defined, and they revised the relevant parts and provided a comprehensive legal review opinion.

In particular, Law firm Veat addressed clauses unfavorable to B Company, such as provisions specifying that medical device operators would be liable for medical device defects while the devices were installed in the hospital, and provided a review opinion to hold the hospital responsible when defects occurred due to the hospital’s gross negligence.

Law firm Veat is providing legal advisory services to startups actively operating in the smart healthcare field based on a technology foundation. Specifically, the lawyers at Law firm Veat, with backgrounds in science and technology and practical experience, understand both “IT/technology” and “law,” and have performed numerous regulatory sandbox consulting services, including drafting applications from describing business models in the digital healthcare field to analyzing related regulations.

Key cases of legal advisory services in Law firm Veat’s digital healthcare field are listed below.

• Providing legal advice on “personal information protection policies and personal information consent forms for bio/healthcare web services” for C Company, a bio/healthcare venture enterprise.
• Conducting a lecture on noteworthy points of the Personal Information Protection Act and changes in the Data 3 Laws during the development of home care medical devices, including application cases.
• Providing legal review on various issues, such as whether medical practices are regulated under domestic medical laws regarding services available from non-medical institutions and criteria for determining medical practices.

If you need legal advisory services related to digital healthcare, please contact Law firm Veat.

Thank you.

Law firm Veat