Did Hurricane Sandy Just Give You an Opportunity to Renegotiate Your Outsourcing Agreements?

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Recent events along the Atlantic seaboard bring attention to the need to prepare for the worst. Hurricane Sandy knocked down power lines and flooded telecommunications circuitry. Many businesses were shut down for days, unable to access vital computer records and data, as well as telephone and voicemail systems, which created real losses to those businesses and the economy.

At the same time, some businesses, even in lower Manhattan which was one of the hardest hit areas, were up and running the next day. Productivity and business losses were kept at a minimum. Why this discrepancy in experiences? Is there any way to recoup these losses or prevent them in the future?

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Published In: General Business Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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