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Risk Management Agreement
"I need a Risk Management Agreement for my Manila-based fintech company to engage a risk management consultant, with specific focus on cybersecurity and regulatory compliance under Philippine banking regulations, to be effective from March 1, 2025."
1. Parties: Identifies and provides details of the contracting parties, including their legal status and registered addresses
2. Background: Outlines the context and purpose of the agreement, including the business relationship between parties
3. Definitions: Defines key terms and concepts used throughout the agreement
4. Scope of Services: Details the risk management services to be provided and the coverage area
5. Risk Assessment Framework: Establishes the methodology and criteria for identifying and assessing risks
6. Risk Mitigation Strategies: Outlines the agreed approaches and measures for managing identified risks
7. Roles and Responsibilities: Defines specific duties and obligations of each party in the risk management process
8. Reporting and Documentation: Specifies reporting requirements, frequency, and documentation standards
9. Confidentiality: Establishes obligations regarding confidential information handling and protection
10. Compliance Requirements: Outlines regulatory compliance obligations and standards to be maintained
11. Term and Termination: Specifies the duration of the agreement and conditions for termination
12. Liability and Indemnification: Defines the allocation of risks and responsibilities between parties
13. Dispute Resolution: Establishes procedures for resolving disputes under Philippine law
14. General Provisions: Contains standard legal clauses including notices, amendments, and governing law
1. Business Continuity and Disaster Recovery: Include when the agreement covers critical business operations requiring continuity planning
2. Insurance Requirements: Include when specific insurance coverage is required as part of risk mitigation
3. Data Protection and Privacy: Include when the risk management involves handling personal or sensitive data
4. Third-Party Risk Management: Include when vendors or subcontractors are involved in the risk management process
5. Industry-Specific Compliance: Include when dealing with regulated industries requiring specific compliance measures
6. Performance Metrics and KPIs: Include when specific performance measurements are required for risk management activities
7. Technology and Systems: Include when specific technology platforms or systems are used in risk management
8. Training and Capacity Building: Include when the agreement includes training or knowledge transfer components
1. Schedule A - Risk Assessment Matrix: Detailed risk assessment criteria and scoring methodology
2. Schedule B - Service Level Agreements: Specific performance standards and metrics for risk management services
3. Schedule C - Fee Schedule: Detailed breakdown of fees and payment terms
4. Schedule D - Reporting Templates: Standardized formats for risk reporting and documentation
5. Schedule E - Emergency Response Procedures: Detailed procedures for handling risk emergencies
6. Schedule F - Key Personnel: List of key personnel responsible for risk management activities
7. Appendix 1 - Risk Categories and Definitions: Detailed definitions and examples of risk categories
8. Appendix 2 - Compliance Checklist: Detailed compliance requirements and verification procedures
9. Appendix 3 - Contact Information: Contact details for key stakeholders and emergency contacts
Authors
Agreement
Applicable Laws
Assessment Period
Business Day
Confidential Information
Control Measures
Critical Risks
Data Protection Laws
Emergency Response
Force Majeure Event
Incident Report
Key Personnel
Material Adverse Effect
Mitigation Measures
Monitoring Period
Performance Standards
Philippine Law
Regulatory Authority
Reporting Period
Risk Assessment
Risk Categories
Risk Event
Risk Framework
Risk Identification
Risk Management Services
Risk Matrix
Risk Profile
Risk Rating
Risk Register
Risk Threshold
Service Level Agreement
Service Provider
Significant Risk Event
Strategic Risk
System
Term
Territory
Third Party Risk
Treatment Plan
Risk Assessment
Risk Monitoring
Risk Mitigation
Service Levels
Performance Standards
Reporting Requirements
Compliance
Confidentiality
Data Protection
Intellectual Property
Personnel Requirements
Fee Structure
Payment Terms
Term and Duration
Termination
Force Majeure
Liability
Indemnification
Insurance
Dispute Resolution
Governing Law
Assignment
Subcontracting
Notice Requirements
Amendment
Entire Agreement
Severability
Emergency Response
Business Continuity
Record Keeping
Audit Rights
Regulatory Compliance
Third Party Rights
Warranties
Representations
Non-Competition
Non-Solicitation
Conflict of Interest
Escalation Procedures
Financial Services
Banking
Insurance
Manufacturing
Healthcare
Technology
Real Estate
Construction
Energy
Telecommunications
Mining
Transportation
Retail
Agriculture
Education
Risk Management
Legal
Compliance
Internal Audit
Finance
Operations
Security
Quality Assurance
Corporate Governance
Business Continuity
Insurance
Executive Leadership
Chief Risk Officer
Risk Manager
Compliance Officer
Chief Financial Officer
Legal Counsel
Operations Director
Internal Audit Manager
Business Continuity Manager
Security Manager
Quality Assurance Manager
Project Manager
Corporate Governance Officer
Finance Director
Insurance Manager
Chief Executive Officer
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