Following recent high profile data breaches, many companies are wondering what terms and conditions should be in vendor contracts. That is great question to ask. Many companies – big and small – sign vendor contracts without considering the data security issues. Often times, a contract that is “small potatoes” from a dollar standpoint has the potential to create a disproportionate level of risk. (Consider, for example, a company hired to empty your company’s shredder bin.)  Such contracts often get signed without careful review, putting companies at risk. While each company should get individualized legal advice, here are six things that ...
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