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The third video in TPRA’s TPRM 101 series covers the Contract Review phase—an essential part of the third-party risk lifecycle that ensures business expectations are clearly defined, legally enforceable, and aligned with risk and compliance requirements.
Key focus areas include:
Identifying which contract clauses support TPRM controls
Ensuring enforceability of risk and performance requirements
Aligning terms with legal, regulatory, and operational obligations
Collaboration between procurement, legal, and risk stakeholders
Documenting rights related to audits, data use, termination, and reporting
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