We have a back-up producer identified in our Buisness Continuity Plan and have had them sign an agreement for our file. In the signed document it states the term of the agreement which includes a five year contract. Although our Business Continuity Plan must be reviewed on an annual basis, what is the implied interpretation of this caluse in regards to needing this letter signed on an annual basis if the terms state 5 years? Would a email for our files stating confirmation with our back-up producer fullfill this requirement? Any thoughts?
Also, I am having a difficult time outlining action plans for every type of disaster that could occur. Would a summary of the basic steps meet the standard? If not, does anyone have any suggestions or flow charts I could use....I am running out of time, so any assistance would be greatly appreciated.
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