Outsourcing and off shoring are complex business strategies that are meant for enhancing company's profitability by improving operating efficiency and allowing management to focus on core business activities. Companies need to comprehend some of the major issues such as compliance risks, potential legal and financial problems that can arise due to lack of data security, privacy, intellectual property rights and executive accountability.
What happens if there are any direct or indirect threat occurs to these assets? How to protect these assets and prosper from the creating a collaborative relationship between a company and its service provider? What are those core issues and its legal implications a company needs to understand before it consider any of those options for contracting a project? For better understanding of these issues we have classified these issues into tangible and non-tangible issues.
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