Uncle Marv and Bradley Gross begin by discussing a recent lawsuit where an MSP was sued by a law firm client for $1 million due to a breach. They note that while the initial news generated a lot of attention, the case has since gone quiet, with no further updates on the court proceedings. Gross suggests that this is likely due to the parties engaging in behind-the-scenes negotiations, as the lack of a formal response from the defendants is unusual. 

The conversation then shifts to the importance of having well-crafted legal agreements, particularly when it comes to cybersecurity services. Gross emphasizes that oral agreements are simply not worth the risk, as they create ambiguity and make it difficult to determine the true scope of the arrangement. He advises MSPs to stop relying on verbal agreements and instead ensure that all responsibilities and expectations are clearly documented. 

Marv then shares his own personal experience with a former client who had returned to his services, but without a formal agreement in place. This led to a situation where the client suffered a ransomware attack, and Marv found himself in a difficult position without a clear contractual framework. The lesson learned is that MSPs must be proactive in getting agreements signed before engaging in any work, even with existing clients. 

Key Takeaways: 

• Oral agreements are risky and can lead to costly legal disputes
• Cybersecurity services should always be covered by a written contract
• MSPs must be diligent in getting agreements signed before starting work, even with existing clients
• Lawsuits involving MSPs can generate significant attention, but the resolution may happen quietly behind the scenes

Link from the show: 

It's Florida Man Showtime: https://tinyurl.com/46ts8usc

• Sarah Hester Ross: https://tinyurl.com/427nz3ar

IT Business Podcast: Fiduciary Duty with Brad: https://www.itbusinesspodcast.com/390

Coming Soon: https://mspterms.com/

The Technology Bradcast: https://bradleygross.podbean.com/

 

=== Show Information

Website: https://www.itbusinesspodcast.com/

Host: Marvin Bee

Uncle Marv’s Amazon Store: https://amzn.to/3EiyKoZ

Become a monthly supporter: https://www.patreon.com/join/itbusinesspodcast?

One-Time Donation: https://www.buymeacoffee.com/unclemarv

=== Music: 

Song: Upbeat & Fun Sports Rock Logo

Author: AlexanderRufire

License Code: 7X9F52DNML - Date: January 1st, 2024