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Date Posted: 09:11:54 05/13/04 Thu
Author: Leo
Subject: Answer of question7

Today, it’s not uncommon to hear that another high-tech firm has financial problems or has gone bankrupt. Whenever there’s a bankruptcy, there exists the possibility that a judge could order a freeze of an outsourcing firm’s assets, resulting in your organization losing access to valuable equipment and systems. Unfortunately, there aren’t a lot of options available if the company from which you outsource goes bankrupt. The best way to protect yourself from this scenario is to create a contingency or disaster recovery plan in case the outsourcer goes bankrupt or even just fails to perform. Excellent information on this topic can be found at http://www.contingency-planning-disaster-recovery-guide.co.uk.

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