Why is data is data privacy not a concern in B2B but is in B2C?

like
Posting as :
works at
You are currently posting as works at

It could pretty much be a concern and a big point of contention in B2B contracts, depending on what you are negotiating and for which industry, especially from a global enterprise perspective. If you are a Canadian company, for example, with employees all over Canada including QC and in UK/EU, a payroll vendor contract should be scrutinized to make sure that the vendor handles personal data of your employees correctly.

like

In addition to what LC1 said the key here is that in the US, most of the state privacy laws exempt employees or B2B contacts from the scope of those laws protections (California being a notable exception). Those laws primarily apply to consumers.

like

It is depending on your jurisdiction. California is removing the exemption for PII processed in the commercial and employment context to more closely track GDPR and the UK DPA.

like

In consumer facing industries (e-commerce, retail), businesses are probably spending more money on outside legal to resolve B2B issues (contracting, diligence, auditing) than B2C because of the ongoing vendor management obligations in both state and international laws. Consumer facing compliance activities, on the other hand (i.e. DSARs and to some extent Privacy policy management) are primarily handled internally with occasional questions going to outside counsel. So while the laws are about protecting consumers ultimately imho these regimes have the most profound impact on B2B relationships.

like

Businesses have negotiating power. Consumers do not.

Related Posts

Guys Please help me I looking for any entry level job or internship in PWC
I'm a MBA Finance graduate

Can I get any referral or help from anybody

Thank you

likefunny

I am confused between Globant and Nagarro for the Data Engineer Role.My criteria is learning cloud mainly but I am getting mixed review.
Globant - 28Fix Nagarro - 25.5Fix + 1.35VB

like

I feel like I die a little inside every time someone cites Wikipedia instead of actual research

like

Is it true that the management is planning to scrap Staff level 4 in EY GDS?

like

Creative recruiters. When looking at candidates, how much does the resume matter vs. the portfolio? Do you even look at the resume? Thanks

like

How many months after joining Novartis Conexts can you switch teams internally?

It's been 2 months and I wish to change my team is it possible?

like

Somebody please elaborate on Corporate Functions team at Accenture!! Is it part of Tech?

like

Any one from corteva project? Please DM or comment

like

Do schools still hand out significant scholarships if you’ve expressed that you’re going to take a sponsorship? If they do, can you technically make a lot of money by combining the two?

What will be the Average Salary for 3 YOE as Java Backend Developer in Netcracker?

like

How much is CMT valued in investment banking companies?

How many days prior to joining date, does Brillio ship the laptop etc. ?

Anyone else getting spammed for "law firm in house/gc's office" roles and know what the deal is with that? Not really looking to do it but curiosity

like

McKinsey & Company Hi Fishes...i have a 7 year of experience in reimbursement and AP profile and looking for change... please help 🙏 Boston Consulting Group JLL McKinsey & Company Deloitte KPMG PwC Tata Consultancy Accenture RBS

Hi All, what should be the years of experience to get Software engineer II A designation in Bank of America ?

like

What is the culture like at Amazon in Sales ie all men or is their some diversity? Amazon

like

Hello Technie's,
I am in a confused state of mind with my current situation & I can surely use some advice from you guys.
I'm working with a product company for almost 5+ yrs now & recently decided to separate from them for obvious compensation reasons.
I have multiple offers now with product/service based companies.
The top and the best offer I have is from a service based organization of almost 100% hike.
Now my company wants to retain me & offering me even higher. What should I do?

like

What's your experience working with United Way?

like

Have over 6 years Private chef experience, looking for work.

like

I you get released from and project and you are in pool under a manager but not RMG in tcs ,and you resign so notice period remains same 90 days or can be reduced ?

like

Additional Posts in Corporate Transactional Law

Anyone use OneNote as a transactional lawyer? How do you like it? Trying to be more organized with all my ongoing deals!

like

Purpose of a W-9 on an acquisition? Who should be filling them out?

Any recommendations for a book/podcast/self study materials for a new finance attorney? I have no background in finance and was assigned to a finance group. Help me!!

like

What year of practice did you start handling closings on your own?

like

Any firms in London hiring US qualified associates into their capital markets practice?

like

Anyone who has transitioned from M&A work to finance work, how has your experience been? I am considering a similar transition and would love to learn about any changes to your work/life balance, stress-levels, etc.

like

My boss is asking me to “reconsider” the way I approach a client… I am in charge of this annoying corporate maintenance thing that we do for a client (I.e., making board of directors meeting to comply with some regulatory reporting required. I always end up missing deadlines. How would you reply?

like

I have billed 4+ hours today helping a partner prepare a 10 slide PowerPoint for a board meeting tomorrow. Let’s say half of the time was fixing spacing and formatting. I really don’t care as I am billing all of it, but am I wrong in thinking this is unjustifiably too common and a waste of time?

like

Cross posted: Has anyone ever heard of this type of real estate private equity fund structure:

-One LLC, so only one PPM
-Multiple investors that can be onboarded anytime
-Multiple investments that investors can determine whether or not they want to invest in
-One K-1 per investor based on their investments and income
-Ability for the Sponsor/Fund to invest directly, indirectly and in equity, debt, Pref, etc.
To me this seems extremely cumbersome and would require multiple classes of (cont’d)

like

Curious as to how many deals at once is typical for a first year associate to take on (M&A, mostly private equity clients). Deal size is lower middle market and I’ve worked on deals ranging from $1-$110M. 2 deals at once is plenty for me, but it seems like my peers are able to take on more than that at once and still do fine. Maybe I’m just a slow learner/out of my league at the big law firm I’m at.

like

Does anyone have insights into corporate group at Saul Ewing? Culture, pay etc.?

like

What is Citis C12 equivalence in TD? ( I am in Citi Canada and have offer of L10 at TD Canada)

likehelpful

Rising 2nd year here: been rethinking my choice as an M&A attorney. I've had a rough go of it over the first year-and-a-half of practice and am thinking about moving to a different practice area. I'd like to stay on the transactional side, but am not quite sure what areas I can leverage my corporate and M&A skills in. I was thinking T&E (i.e. business succession planning, etc.)

Would greatly appreciate input from others.

like

How do NYC big law real estate groups hold up during recessions? Are they one of the harder hit corporate groups or is there more stability?

like

Working on a deal where buyer's side keeps on insisting on a POA to effectuate all actions of Seller under the agreement, including executing documents. I keep striking this and commenting that this is not standard. Has anyone dealt with this? I am okay with a limited POA based on the industry of the Seller, but not this general POA.

First interview at a biglaw firm. Just graduated and want to pursue transactional areas, no prior experience. I feel like I’m a risk of a hire in their eyes so any advice?

Do you ever just want to leave this industry? But what do people exit to

like

Anyone use charts for contract review? If so, what headings do you put in the first row?

likefunny

So I had 3 deals scheduled to either close end of May or mid June which were all pushed to end of June/beginning of July. Which is when I have my first vacation planned for over a year (I take 0 time off). My whole family is flying up and we’re renting a cabin near me. What do I do? I’m running one of the deals, semi running the other one and not doing much leading on the other one. Note: I was supposed to not be running any of these. Do I find a back up first or tell the partners first?

like

Is it possible to be a “silent” investor (party A) with a friend who’s an accredited investor (party B)investing in a company? So if B is investing $50k in a company, and A wants to give B $25k of that investment, is this possible with an agreement between A and B, where they’re responsible for their own portion of taxes?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal