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Getting Ready for DORA (Part V) – Contract Negotiations After DORA Comes Into Force – Who Will Have the Upper Hand?
The DORA significantly restricts the contractual freedom of financial companies and ICT third-party service providers by imposing a number of mandatory requirements on the drafting of contracts. This could put medium-sized financial companies in particular in a stronger negotiating position, while even large ICT providers will be obliged to implement the new requirements.