Negotiating Vendor Contracts

Recorded: March 30, 2010

Presenter: Lyn Farrell

Duration: 1 hour

Price: $249 / $199 for Affiliation Members

Whether your third-party contracts are up for renewal and you are renegotiating with your vendors or seeking to replace your current ones,  you need to understand the full implications of the contract provisions before you agree to them. And since financial institutions are ultimately responsible for protecting customers’ financial information, the regulators expect  institutions to oversee the vendor’s process to prevent exposure to security risks. So even though contract language suggests you can rely on your vendor for the service it offers, the institution carries the burden of responsibility to its customers and the regulators.

This webinar session will cover every aspect that you need to know about the contract including:

• Scope
• Terms and conditions
• Responsibilities of the parties
• Limitations of liability
• Information security terms and disaster recovery provision
• Audit requirements
• Non-compete provisions
• Contract amendments and terminations
• Fee and expense clauses

Continuing Professional Education Credit

Delivery Method: Group Internet-based       CPE Credits: 1
Program Level: Overview       Prerequisites: None       Advance Preparation: None

Sheshunoff Consulting + Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasbatools.com.

Back to Archived Webinars