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With the onset of the GDPR in May 2018, businesses subject to the law must enter into contracts with their business partners in multiple circumstances. Not only must a contract be in place, but the GDPR also requires that these agreements include certain specified content depending on the nature of the relationship between the parties. Going beyond the mandated content, the GDPR also opens up the possibility of substantial fines for regulatory infringements and costs resulting from data breach events, both of which have a significant impact on the contracts executed between business partners.
Please join Lisa J. Sotto and Aaron P. Simpson of Hunton Andrews Kurth LLP as they:
- help U.S. businesses understand whether the GDPR may apply to them;
- provide a summary of the GDPR’s contractual obligations and the different contexts in which these obligations may arise; and
- provide an overview of the key commercial considerations during the contracting process regarding the potentially significant liability exposure and costs arising from the GDPR.
Program Level: Update
Intended Audience: In-house counsel, outside attorneys, and other privacy professionals involved in the contracting process
Advanced Preparation: None