Many companies acquire IT services from third-party service providers where the service providers host or otherwise acquire data and other confidential information of a company. In this context, software services "in the cloud" may involve hosting by the service provider of a company's data and other confidential information. The service provider's standard form contract will typically seek to minimize its risk regarding breaches of a company's confidential information.
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Previously published by Canadian Lawyer Magazine
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
