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Third Party Contracts Management

From The Foundation for Best Practices in Machine Learning
Organisation Best Practices > Third Party Contracts Management


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Third Party Contracts Management

Objective
To ensure the integrity and implementation of Policies and Procedures in third-party contracts.
Item nr. Item Name and Page Control Aim
11.1. Policies and Procedures for Third-Party Contracts

Procedures ought to be designed and implemented to ensure that Policies and Procedures are legally enforceable in relevant third-party contracts.

To ensure that Policies and Procedures are implemented by third-party contractors.

11.2. Compliance in Third-Party Contracts

Procedures should be implemented to ensure that Policies and Procedures are complied with to agreed-upon standards in relevant third-party contracts.

To ensure that Policies and Procedures are complied with by third-party contractors.

11.3. Monitoring, Review and Auditing of Third-Party Contracts

The Organisation should regularly monitor, review and audit third party contracts to warrant third-party compliance with Policies and Procedures.

To ensure effective oversight of third-party contractors.