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Questions
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We have a few vendors and consultants how are sole proprietors or part of small firms, where one person is critical to the service they provide. In one case the vendor has a special license that we depend on. The consultants all have special skills. They do good work and we have no desire to replace them. We are concerned, however, that something might happen to the vendor or consultant mid-project. What steps can we take to protect ourselves mid project? What can we do before engaging with a new consultant or vendor with a key person?
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We are a small software company that has recently starting getting traction in the enterprise market. Our price point is modest relative to other applications. A prospective customer just asked us for the first time to sign a unilateral NDA. We do not have in house counsel.
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We are in the process of standardizing our Requests for Proposal (RFPs) for vendors and partners. One of the areas where we have been inconsistent is the request for information about the vendor's corporate structure and identity. Sometimes we ask for simple facts like place of incorporation and principle place of business. In other cases, we ask about the board of directors, shareholders, and the like. What is usually included in an RFP about the vendor's corporate structure?
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