Inquiry Response: Best Practices For Writing Vendor Contracts To Ensure Good Data

Inquiry:

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.

Response:

THE BIG IDEAS:

  • Align goals
  • Data challenges
  • Tactics

ALIGN GOALS

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

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