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Risk Management Agreement
1. Parties: Identification of the contracting parties - the risk management service provider and the client
2. Background: Context of the agreement and brief description of the parties' intention to enter into a risk management arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Services: Detailed description of the risk management services to be provided
5. Service Provider's Obligations: Key responsibilities and duties of the risk management service provider
6. Client's Obligations: Responsibilities and duties of the client, including information provision and cooperation
7. Risk Assessment and Reporting: Procedures for risk assessment, monitoring, and reporting requirements
8. Compliance Requirements: Compliance with applicable laws, regulations, and industry standards
9. Confidentiality: Obligations regarding confidential information handling and protection
10. Data Protection: GDPR compliance and data processing requirements
11. Fees and Payment: Fee structure, payment terms, and expenses
12. Term and Termination: Duration of the agreement and termination provisions
13. Liability and Indemnification: Limitation of liability and indemnification provisions
14. Force Majeure: Provisions for unforeseen circumstances affecting performance
15. Governing Law and Jurisdiction: Specification of Danish law as governing law and jurisdiction for disputes
16. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Insurance Requirements: Specific insurance requirements for both parties - included when particular risk coverage is needed
2. Business Continuity: Business continuity and disaster recovery provisions - included for critical risk management services
3. Audit Rights: Rights to audit risk management processes - included for regulated clients or when required by industry standards
4. Subcontracting: Terms for engaging subcontractors - included when service provider may need to subcontract certain services
5. Performance Standards: Specific KPIs and service levels - included when quantitative performance measures are required
6. Regulatory Reporting: Specific regulatory reporting requirements - included for regulated entities
7. Intellectual Property Rights: IP provisions for risk management tools and methodologies - included when proprietary tools are used
1. Schedule 1 - Service Description: Detailed description of risk management services, methodologies, and processes
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, payment structure, and calculation methods
3. Schedule 3 - Service Levels: Specific performance metrics, reporting frequencies, and response times
4. Schedule 4 - Key Personnel: List of key personnel responsible for service delivery and their qualifications
5. Schedule 5 - Risk Categories: Detailed description of risk categories covered under the agreement
6. Schedule 6 - Reporting Templates: Standard templates for various risk reports and assessments
7. Appendix A - Data Processing Agreement: GDPR-compliant data processing terms and conditions
8. Appendix B - Security Requirements: Detailed IT and physical security requirements and protocols
9. Appendix C - Emergency Protocols: Procedures for handling emergency risk situations and escalations
Authors
Affiliated Companies
Agreement
Applicable Laws
Business Day
Confidential Information
Control
Critical Risks
Data Protection Laws
Deliverables
Effective Date
Emergency Response Plan
Fee Schedule
Force Majeure Event
Good Industry Practice
Governance Framework
Incident
Key Personnel
Material Adverse Change
Mitigation Measures
Monitoring Period
Personal Data
Professional Standards
Regulatory Authority
Regulatory Requirements
Report
Risk Assessment
Risk Categories
Risk Framework
Risk Indicators
Risk Management Services
Risk Matrix
Risk Profile
Risk Register
Risk Threshold
Service Levels
Services
Significant Risk Event
Strategic Risk
Term
Territory
Third Party Provider
Service Provider Obligations
Client Obligations
Risk Assessment
Risk Monitoring
Reporting Requirements
Regulatory Compliance
Data Protection
Confidentiality
Professional Standards
Service Levels
Performance Metrics
Fee Structure
Payment Terms
Personnel Requirements
Intellectual Property
Liability
Indemnification
Insurance
Force Majeure
Term and Duration
Termination Rights
Emergency Procedures
Business Continuity
Audit Rights
Record Keeping
Subcontracting
Assignment
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendment
Severability
Third Party Rights
Anti-Corruption
Data Security
Conflict of Interest
Non-Solicitation
Waiver
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