contracts

How to Maximize Efficiency and Reduce Risk in Contract Negotiations

Contracts are the lifeblood of commercial relationships. Negotiating these contracts can be time-consuming, complex, and fraught with legal risks. A well-crafted “playbook” for contract negotiations can significantly streamline the process, mitigate potential risks, and ultimately save time and money for your organization and in-house counsel.

Modern state privacy laws mandate that agreements with service providers or processors contain specific contractual provisions to govern the parties’ relationship. Which provisions should be included in a vendor agreement, however, differ by state statute. In addition, some state privacy laws impose statutory obligations upon vendors that do not necessarily need to be memorialized in…