Legal News

External data networks and commercial concerns

External data networks and commercial concerns
Published on: 04 September 2013
Published by: LexisPSL
  • External data networks and commercial concerns
  • Original news
  • What are the commercial concerns when agreeing to use external data networks and services?
  • How can contracts of service protect a business from a failure by their systems provider?
  • Are cloud-based technologies less safe in this regard?
  • Loss of network or limited usage can result in huge financial loss, can damages be sought?
  • What safeguards can trading platforms and other businesses put in place to limit risk from data outages?
  • With increased reliance on computers, are systems providers and network solutions able to keep pace?

Article summary

IP & IT analysis: Iain Monaghan, partner at Pinsent Masons, asserts that although there are technical and commercial concerns connected with the use of external data networks and services, and the ever-increasing reliance on computers, there are contractual methods of protecting oneself and the possibility of seeking damages. or take a trial to read the full analysis.

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