Contract Review

Assisting our clients with structuring reliable contracts and clearly defined Service Level Agreements that allow a long term mutually beneficial relationships.

NEEDS HEADLINE

When considering new IT resources, companies must go through a series of checkpoints to ensure the products they’re purchasing are not only up to par, but also provide enough security to prevent data-breaches. Additionally, companies have to make sure the new software systems they’re purchasing have all the boxes checked to hold up transactions, customer data, and the general flow of information according to the company’s standards.

IT contracts can get lengthy and complicated especially for enterprise-level firms. Terms can be convoluted and subjective according to the writer or reader. For example, a security “incident” can be defined in different ways. If a contract specifies that the software system does not report security “incidents” but does report security “breaches” it may raise a red flag to the buyer, according to how an incident is defined. The company purchasing may need all incidents reported.

It’s important to flesh out these details before signing an IT service contract. That’s one reason many businesses use a third-party expert to review IT contracts, ensuring security standards will be upheld. The legal department will need to review IT contracts so that they can guarantee all legal bases are covered before signing a contract for expensive IT resources.

Traditional IT security leaders have now become digital security leaders as they expand support to address risks for technology-savvy engineering and physical environments while embracing expanded roles for cloud and mobile services.

Gartner

Red Lantern is a Cyber Security and Risk Transformation strategy company helping its clients to build Cyber Resilience capabilities.

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