Today, after several years of General Data Protection Regulations (GDPR) being enforced, potential risk and penalties arising from a data protection (DB) breach could affect your organization -- not to mention certain innovative technologies -- such as Blockchain, IoT or AI-powered tools like Chat GPT that can impose the biggest obstacles to successful resolution – if we are not prepared. That’s why we very much need smarter solutions responding more accurately to GDPR.
But, there’s hope. If you mitigate well-crafted contracts and build effective collaboration between contracting parties, opposing parties will be well informed of any potential data breach that could hurt the performance of a contract. So, what do you need to know about GDPR and other privacy laws and regulations that that could demand changes in how you write your business contracts?
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