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This Cyber Risk Assessment agreement is designed for use when organizations need to evaluate their cybersecurity posture and identify potential vulnerabilities in their IT infrastructure. The document is specifically tailored to comply with Austrian legal requirements and EU regulations, including GDPR and the NIS Directive. It outlines the comprehensive assessment process, including initial system evaluation, vulnerability testing, risk analysis, and detailed reporting of findings. The agreement is particularly relevant in today's increasing digital threat landscape, where organizations need to demonstrate due diligence in protecting their digital assets and ensuring compliance with regulatory requirements. It includes specific provisions for data protection, professional liability, and confidentiality obligations under Austrian law, making it suitable for both domestic and international organizations operating within Austria.

1. 1. Parties: Identification of the assessor and the client organization, including their legal status and contact details

2. 2. Background: Context of the cyber risk assessment, including the client's business nature and assessment objectives

3. 3. Definitions: Detailed definitions of technical and legal terms used throughout the agreement

4. 4. Scope of Services: Detailed description of the assessment scope, including systems, networks, and processes to be evaluated

5. 5. Assessment Methodology: Overview of the risk assessment approach, standards followed, and evaluation criteria

6. 6. Client Obligations: Client's responsibilities including access provision, information sharing, and cooperation requirements

7. 7. Data Protection and Confidentiality: GDPR compliance measures, data handling procedures, and confidentiality obligations

8. 8. Deliverables: Description of assessment reports, documentation, and other outputs to be provided

9. 9. Timeline and Milestones: Project schedule, key dates, and delivery timeframes

10. 10. Fees and Payment: Cost structure, payment terms, and any additional expense provisions

11. 11. Liability and Indemnification: Limitation of liability, professional indemnity, and risk allocation between parties

12. 12. Term and Termination: Duration of the agreement and conditions for termination

13. 13. General Provisions: Standard legal clauses including governing law, dispute resolution, and force majeure