Outsourcing contracts

Outsourcing is one of the areas that a business can capture significant rewards, but should be aware of the risks.

Outsourcing advantages:

1. Immediate access to expertise not available in house;

2. Achieve economies of scale and leverage business opportunities;

3. Access to new markets;

4. Cost savings.

Outsourcing risks:

1. Service provider fails to adhere to service levels;

2. Outside party gains access to proprietary and confidential information;

3. Data loss and disaster recovery exposure to service provider;

4. Potential long term commitments.

It is essential therefore you have Attorneys that understand outsourcing.

Murray LLP will be pleased to assist with the preparation and review of outsource arrangements.

 

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