Professional Biography
Image of Kirk Soderquist

Kirk A. Soderquist Partner

Firmwide Co-Chair, Digital Media & Entertainment, Gaming, & Sports Industry Group; Firmwide Co-Lead, Interactive Entertainment Vertical

  • Seattle

    D +1.206.359.6129

    F +1.206.359.7129

    Seattle

    1201 Third Avenue, Suite 4900

    Seattle, WA 98101-3099

    +1.206.359.6129

    KSoderquist@perkinscoie.com

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Overview

Experience

Technology Transactions & Privacy

Cloud Enablement Provider

Assisted with the preparation and negotiation of various agreements related to providing cloud enablement services including customer agreements, onboarding agreements, reseller and OEM agreements, service terms, privacy policy and acceptable use policy.

BitTitan, Inc.

Represented BitTitan, Inc. in its Series A preferred stock financing.

Outbound Licensing for Software and Content Companies

Assisted various software and content companies with the outbound licensing and distribution of software and digital content.

Data Security and Privacy Advice

Advised numerous cloud service providers, internet & ecommerce, SaaS providers and game publishers regarding development of data security and privacy policies and procedures and agreements.

Interactive Entertainment

Virtual Reality

Provide advice and assistance to the Virtual Reality (VR) manufacturers regarding content development and distribution agreements, creation of a content marketplace, privacy & data security, health & safety issues, consumer-facing agreements, research and development agreements, strategic partnerships, certification, regulatory compliance and various licensing arrangement.

Game Publishing Agreements

Represented numerous game publisher in connection with game development and publishing agreements.

Online Recurring Payments

Provided assistance to online game providers regarding online recurring payment authorizations under State and Federal continuous offer, auto renewal and recurring payment laws and regulations, Electronic Funds Transfer Act and payment association rules.

Regulatory Counseling for Companies Involved With Virtual Currency

Counseled various interactive entertainment companies regarding laws related to virtual currency, including state “money transmitter” laws, federal anti-money laundering and “money service Business” laws, the Electronic Funds Transfer Act and Regulation E, escheat (unclaimed property), coupon, gift certificate and federal and state privacy and security laws, among others.

Microsoft Acquisition of Mojang (Minecraft)

Represented Microsoft Corporation as U.S. counsel and primary intellectual property counsel in its $2.5 billion acquisition of Stockholm-based game developer Mojang, the creator of the “Minecraft” video game franchise.

Microsoft Acquisition of “Gears of War” Franchise

Represented Microsoft Corporation in its acquisition of the “Gears of War” game franchise from Epic Games, Inc., a developer of games and cross-platform game engine technology.

Big Fish Games, Inc.,

Represented Big Fish Games, Inc. in its sale to Churchill Downs Incorporated.

Z2Live, Inc.

Represented Z2Live, Inc. in its acquisition by King Digital Entertainment plc.

Game Design and Development Agreements

Represented numerous developers in connection with online, PC, mobile and VR game development agreements.

Microsoft Acquisition of Assets Twisted Pixel

Represented Microsoft Corporation in its acquisition of the assets of Twisted Pixel Games, LLC.

Acquisition and Sale of Game Assets

Represented companies in both acquisition and sale of game-related assets.

Advertising, Marketing & Promotions

Assistance Structuring Prepaid and Loyalty Programs for Various Issuers

Assisted various companies with the structuring of open-loop and closed loop gift card programs and loyalty programs, including prepaid products and physical and electronic "Points" programs for interactive entertainment and other companies.

AdTech Advice and Agreements

Representing numerous clients in the online and mobile advertising ecosystem including providing strategic advice on the approach to commercial and customer relationships and in drafting and negotiating advertiser and publisher agreements, RTB exchange agreements, demand side platform and supply side platform agreements, data sharing and data analytics agreements, strategic partnerships, SDK licenses and various affiliate program agreements.

Gambling Advice and Counseling

Provide advice and counseling to social media and advertising platform providers regarding advertising Daily Fantasy Sports, (DFS) and games of skill.

Coupons, Gift Certificates, Gift Cards and Unclaimed Property

Assisted clients with compliance with coupon, gift certificate, gift card and unclaimed property laws and regulations for various promotional offers.

Mobile Advertising Network

Represented mobile advertising network in connection with Federal Trade Commission investigation under Section 5 of the FTC Act regarding network’s data collection practices, advertising formats, and disclosures to users.

Continuous Offer and Automatic Renewal Services

Provide advice and counseling to numerous clients involved in continuous offer, auto renewal and recurring payment services

Advertising and Promotion Issues

Represented and counseled various clients regarding unfair and deceptive trade practices, direct marketing and other advertising and marketing issues related to promotions.

Contests and Sweepstakes

Represented numerous clients regarding the structure, organization and execution of various promotions (for example, sweepstakes and games of skill).

Internet of Things (IoT)

IoT - Wearables

Represented one of the world’s largest talent agencies as product counsel in connection with data collection and use via wearable technologies at its annual fashion shows and other events.

IoT - Fintech and Payment Systems

Represented one of the world's largest talent agencies in negotiations and preparation of multiple contracts pertaining to the integration of mobile point of sale capabilities powered by a consumer-focused payment system app.

IoT - Interactive Entertainment

Represented one of the world's largest talent agencies in commercial contract negotiations with Lemon Mobile in connection with a private label solution for proximity and location-based advertising and marketing campaign development and deployment.

Electronic Financial Services

Money Transmission and Anti-Money Laundering

Provide comprehensive counseling regarding compliance with state and federal money transmission laws as they relate to emerging payment systems, and in particular decentralized virtual currency business ventures. Develop and implement anti-money laundering programs, conduct related risk assessments, and represent clients before state and federal regulators like FinCEN and state departments of financial services.

Virtual Property and Real Money Transactions

Assisted virtual property trading platform company with regulatory compliance related to electronic payment systems and real money transactions.

Negotiation of Electronic Financial Services Agreements for Various Companies

Helped various companies with the preparation and negotiation of various agreements related to electronic financial services, including stored value card services agreements, reload agreements, payment processing agreements, co-branded credit card agreement, private label credit card agreements and corporate card agreements.

Regulatory Counseling for Companies Involved With Payments

Counseled various companies regarding laws related to payments, including state "money transmitter" laws, federal anti-money laundering and "money service business" laws, the Electronic Funds Transfer Act and Regulation E, payment association rules, consumer credit laws, state gift certificate laws, state unclaimed property and escheat laws, and federal and state privacy and security laws.

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