LITTLE ROCK – Attorney Mandy Stanton addressed the Arkansas Bankers Association Mega Conference in Little Rock today on key issues to address when navigating vender/partner contracts. Stanton’s presentation focused on the contract elements, protections, requirements and auditing functions that should be included in any vender/partner contract.
Leveraging examples of recent breaches to emphasize the relevance of these elements, Stanton focused on four key issues, including: limitations on liability, service levels, data protection and termination for convenience. Several key questions addressed in her presentation were whether suggested limits on a vendor’s liability are reasonable given the scope of services and information that may be imparted as well as whether expectations are set up front regarding whether a breach of confidentiality, security or failure to comply with applicable law triggers a termination.
Stanton advises business entities and individuals in commercial transactions including lending, real estate, entity formation, mergers and acquisitions, contractual drafting and negotiations and general business matters. Stanton also assists clients in evaluating and managing risks with privacy and data security practices, including incident readiness ad response. She is also a Certified Information Privacy Professional/United States (CIPP/US) and has served as a commercial real estate compliance officer with the nation’s fifth largest commercial bank.
Prior to joining Mitchell Williams, she served as legal counsel for an international information technology and data marketing firm, where she primarily drafted and negotiated contracts with a wide variety of companies from small businesses to Fortune 500 companies for the sale of services and procurement of data for marketing and analytic purposes and contributed to privacy impact assessments.
About Arkansas Bankers Association
The Arkansas Bankers Association is the advocate for Arkansas banks of all sizes and charter types before the governmental bodies and the public. The ABA promises to continually promote and improve the banking industry amid challenges and in an ever-changing environment. In addition to effective advocacy, the ABA delivers superior industry-specific information and continuing education for bankers.
About Mitchell Williams
Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C. is a 92-attorney corporate law firm that provides strategic and comprehensive legal services to help clients achieve their goals. Established in 1954, the firm has offices in Little Rock, Rogers and Jonesboro, Arkansas and Austin, Texas. For more information, visit MitchellWilliamsLaw.com.