Delaware Code Title 10. Courts and Judicial Procedure § 346. Technology disputes

(1) The parties have consented to the jurisdiction of or mediation by the Court of Chancery by agreement or by stipulation;

(2) At least 1 party is a “business entity” as defined herein;

(3) At least 1 party is a business entity formed or organized under the laws of this State or having its principal place of business in this State;

(4) No party is a “consumer”, as that term is defined in § 2731 of Title 6, with respect to the technology dispute;  and

(5) In the case of technology disputes involving solely a claim for monetary damages, the amount in controversy is no less than $1,000,000 or such greater amount as the Court of Chancery determines by rule.

(c)(1) A “technology dispute” means a dispute arising out of an agreement and relating primarily to:  the purchase or lease of computer hardware;  the development, use, licensing or transfer of computer software;  information, biological, pharmaceutical, agricultural or other technology of a complex or scientific nature that has commercial value, or the intellectual property rights pertaining thereto;  the creation or operation of Internet web sites;  rights or electronic access to electronic, digital or similar information;  or support or maintenance of the above.

(2) The term “technology dispute” does not include a dispute arising out of an agreement:

(3) The Court shall interpret the term “technology dispute” liberally so as to effectuate the intent of this section to provide an expeditious and expert forum for the handling of technology disputes involving parties who have agreed to resolve their disputes in the Court of Chancery, whether the parties are seeking to have the Court of Chancery: