How to Mitigate AI Risks in Vendor Contracts
Venminder
Devember 18, 2024
As artificial intelligence (AI) becomes increasingly integrated into vendor offerings, marketing and compliance professionals can help effectively manage the associated risks in vendor contracts. The landscape of AI-related risks will continue to evolve, but your credit union can proactively address these challenges by incorporating appropriate terms and clauses into your agreements.
Before drafting and negotiating AI-specific vendor contracts, it’s wise to outline your overall strategy. Our infographic provides invaluable insights into critical considerations for contract planning and features essential provisions that can protect your organization.
Download the infographic to discover:
Four vendor AI considerations during contract planning
Vendor contract provisions to include
Key elements of an effective planning strategy
About Venminder
Venminder is an innovative, customer-motivated company that is mission-driven to help solve the many challenges organizations face when managing risks from outsourcing to third parties.
Venminder provides a dedicated platform to empower effective end-to-end lifecycle management and mitigation of third-party risks. Venminder creates long-term collaborative partnerships with their customers, providing implementation assistance, product and best practices training, ongoing support, access to expertise and more.