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Vendor contracts typically have both termination and change of control clauses. In general, you can negotiate for more security, but you will pay heavily for it
by hluska 2y ago
Vendor contracts typically have both termination and change of control clauses. In general, you can negotiate for more security, but you will pay heavily for it. The typical contract though contains very little in the way of customer protection.
Technically, when companies choose a vendor, they should consider risks like a company suddenly being acquired. In practice, it’s quite hard to assign an actual number to that column - it’s almost always a risk but it’s extremely hard to quantify. You’ll often hear things like “every vendor could be acquired so that counts equally for all choices” when that risk gets discussed.