Liability For Third Party Vendor’s Conduct

More and more corporate services – accounting, HR and recruiting, and payroll processing, among many others – are being outsourced to third-party vendors. In the face of this trend, companies need to keep in mind there is one thing it’s almost impossible to outsource: liability. Data breach is only one area where this can arise. In a Today’s General Counsel article, attorneys from Michael Best & Friedrich provide a short list of best practices to address the potential liability issue, practices largely derived from the financial services industry which has had particular experience with it.