Provisions for Vendor Contracts: Subjects to Cover
Contracting in the context of subcontractors, outsourcing, and privacy and security laws can be fast-paced, complex, and onerous, warns Katila Howard in Foster Swift Collins & Smith’s Biztech Law Blog.
“Like most contracts, complications do not typically arise until there is a breach. Furthermore, in the context of cybersecurity and outsourcing, the cost of a contractual breach can increase drastically depending on whether the incident occurred in the context of a security breach and the associated reporting requirements,” she writes. “Accordingly, drafting your own checklist and standard provisions that satisfy your company’s privacy and security requirements in advance can save time and money in the future.”
She provides a list of recommended subjects to cover in vendor agreements.
