This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflict of law provisions. This Agreement contains the entire agreement and understanding of the subject matter of this Agreement between the parties. Any waiver, termination or relief of this Agreement or any of the terms of this Agreement shall not be binding on either party unless confirmed in writing. This Agreement may only be modified or supplemented if both parties have agreed to do so in writing. No waiver by either party of any provision or provision of this Agreement, or any delay in this Agreement, shall affect that party`s rights to enforce such provision or provision or, in the event of any other delay, similar or otherwise, to exercise any right or remedy. Neither party may assign this Agreement, in whole or in part, without the prior written consent of the other party, and any attempted assignment that is not in accordance with this Agreement shall be null and void and without force or effect. The principle of availability refers to the accessibility of the system, products or services as defined in a contract or service level agreement (SLA). Therefore, the minimum acceptable performance level for system availability is determined by both parties. At Contract Logix, we take the protection of our customers` sensitive contractual data very seriously. The contractual arrangements you have with suppliers and customers, among others, contain some of your most valuable information.
If it falls into the wrong hands, the financial, legal and brand consequences can be devastating. Therefore, we are very proud to announce that we have completed our SOC 2 Type II audit for our contract management software without exception. SOC 2 compliance ensures your customers have the infrastructure, tools, and processes to protect their information from unauthorized access inside and outside the organization. Finally, we also join the Cloud Security Alliance, a global organization that defines standards, certifications, and best practices to ensure the security of cloud computing environments. SOC 2 compliance is determined by a technical audit performed by an external party. It requires organizations to establish and adhere to certain information security policies and procedures in accordance with their objectives. SOC 2 compliance can span six to 12 months to ensure that an organization`s information security measures align with evolving data protection requirements in the cloud. When the audit is in full swing, the audit team performs various activities to test your organization`s security controls. These include: a thorough review of your policies and procedures, employee interviews, and a comprehensive guide to your office and data center space. At the end of the audit, the auditor reviews the key findings and, if necessary, documents the exceptions.
Then, the SOC 1 report is issued and certifies the relevance of the control design at a given time. That`s why SOC 2 compliance has become so important: it ensures that outsiders who have access to your data are accountable. It checks whether cloud service providers and their providers are responsible: Contact us to learn more about how we protect our customers` contracts and how companies like yours optimize their contract lifecycle management with our AI-based platform. In short, you need to determine which activities are threat indicators in your specific cloud environment and risk profile to ensure that you are notified as soon as something happens and that you can quickly take action to prevent data loss or compromise. Here`s a basic SOC 2 compliance checklist that includes controls for security standards: Encryption is an important control to protect privacy in transit. Network and application firewalls can be used with strict access controls to protect information processed or stored on computer systems. There are different levels of reporting and service organization control (SOC) types, so they can be easily confused. .