Managing Risk with Third-Party Contractors: Minimizing Liability in the Outsourcing of Goods and Services
Structuring Agreements to Limit Exposure and Responding to Third-Party Breaches
Recording of a 90-minute CLE webinar with Q&A
This CLE course will guide corporate counsel, directors and officers on methods in minimizing risks associated with the outsourcing of goods and services. The panel will discuss approaches to limit exposure in service agreements, managing third-party breaches, and due diligence considerations in the outsourcing of products and services.
Outline
- Overview of risks associated with the outsourcing of goods and services
- Comprehensive due diligence on third-party vendors
- Drafting effective contract terms for limiting liability and options for consequences of noncompliance
- Ongoing monitoring and termination of third-party relationship
- Best practices in managing third-party vendor relationships and breaches
Benefits
The panel will review these and other crucial issues:
- What factors should corporate counsel consider when negotiating and drafting agreements for the outsourcing of goods or services?
- What does thorough due diligence on third-party vendors entail?
- Provisions for limiting the liability of third-party vendors
- Managing breaches by third-party vendors and consequences of noncompliance
Faculty
Margaret M. Cassidy
Principal
Cassidy Law
Ms. Cassidy's practice focuses on corporate compliance, internal investigations and white collar criminal defense.... | Read More
Ms. Cassidy's practice focuses on corporate compliance, internal investigations and white collar criminal defense. She has provided expertise on matters related to anti-corruption, the Foreign Corrupt Practices Act, ethics laws, the False Claims Act, political activity, government procurement, and conflicts of interest. As a seasoned criminal litigator, Ms. Cassidy has also tried over 100 jury and non-jury criminal cases to verdict.
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Akiba Stern
Partner
Loeb & Loeb
Mr. Stern has advised clients for over 30 years in all aspects of business law, both as in-house counsel and at law... | Read More
Mr. Stern has advised clients for over 30 years in all aspects of business law, both as in-house counsel and at law firms. He concentrates his practice on outsourcing, technology-enabled business transactions, e-commerce, technology transfers, licensing, intellectual property and joint ventures; including transactions involving the commercialization of intellectual property. Akiba helps his clients with outsourcing transactions and strategic alliances, as well as with structuring, negotiating and implementing commercial strategies, alliance structures, pricing models, governance arrangements, change management protocols, contract administration and supplier compliance strategies. While Mr. Stern's outsourcing experience is across all business processes and many business verticals, the majority of his work is for financial services companies, including investment banks, hedge funds, commercial banks, insurance companies and specialty financiers. Mr. Stern has lectured widely and has published many articles regarding outsourcing, computer and Internet law, and intellectual property.
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Geri L. Williams
Senior Corporate Counsel
The Home Depot
Ms. Williams supports the Procurement Function in the purchase of goods and services required to operate The Home... | Read More
Ms. Williams supports the Procurement Function in the purchase of goods and services required to operate The Home Depot’s retail stores, distribution centers, and corporate offices. She also manages the contract templates used to facilitate these transactions, along with the SharePoint Site where these templates are posted for use by internal clients.
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