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Vendor Policy
A vendor policy is a documented set of rules and requirements that organizations establish to govern how third-party software providers, service providers, and technology vendors operate within their ecosystem. These policies typically address security standards, data handling practices, compliance certifications, and performance expectations that vendors must meet or maintain. For AI governance specifically, vendor policies are critical because they ensure that external AI tools, models, and services align with an organization's risk tolerance, regulatory obligations, and ethical standards before and after deployment.
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