Inquiry Response: Best Practices For Writing Vendor Contracts To Ensure Good Data
What are some best practices for writing third-party vendor contracts to ensure that we receive the best possible transactional data? One challenge is that we don’t pay for the data we’re receiving.
THE BIG IDEAS:
- Align goals
- Data challenges
Prior to contract negotiations, think about what you want and what the vendor wants. Align on shared values related to what you’ll each get out of the contract.
- How can providing