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defaults and termination

By Jeffrey Sherman, MBA, FCPA, FCA | 4 Minutes Read March 3, 2014

What critical elements should appear in every third-party service provider contract?

Whenever data leaves the control perimeter of a company, there is a risk that the data will not be protected at the same level of security that is required by company policy. It is essential that data created, stored, manipulated or transmitted by a third party on the company’s behalf be accorded the level of protection that is defined by the company’s standards and policies.

Article by Jeffrey Sherman, MBA, FCPA, FCA / Business, Information Technology, Privacy / access to data, best practices, contingency planning, contract review, contracts, data control, data managment best practices, data protection, defaults and termination, Dispute resolution, insurance, legal compliance, ownership of data, performance measurements, pricing, reputational damage, subcontracting, third-party service providers

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