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Cloud Managed Services Agreement
"I need a Cloud Managed Services Agreement for my fintech company based in Sydney, with strict data security provisions and compliance with APRA requirements, to engage a provider for managing our cloud infrastructure and providing 24/7 support services starting March 2025."
1. Parties: Identification of the service provider and customer, including their registered addresses and company details
2. Background: Context of the agreement, including brief description of the services and parties' objectives
3. Definitions: Detailed definitions of technical terms, service-related concepts, and other key terms used throughout the agreement
4. Services Scope: Detailed description of cloud managed services to be provided, including core functionalities and service boundaries
5. Service Provider Obligations: Key responsibilities and commitments of the service provider, including service delivery, support, and maintenance
6. Customer Obligations: Customer responsibilities, including access provision, cooperation requirements, and usage limitations
7. Service Levels: Service level commitments, measurement metrics, and remedies for non-achievement
8. Security Requirements: Security measures, protocols, and compliance requirements for service delivery
9. Data Protection and Privacy: Obligations regarding data handling, privacy compliance, and data security measures
10. Intellectual Property Rights: Ownership and usage rights of IP, including pre-existing IP and newly created materials
11. Charges and Payment: Fee structure, payment terms, and billing procedures
12. Term and Termination: Agreement duration, renewal terms, and termination rights and procedures
13. Liability and Indemnities: Limitation of liability, indemnification obligations, and risk allocation
14. Dispute Resolution: Process for resolving disputes between parties
15. General Provisions: Standard legal provisions including governing law, notices, and entire agreement
1. Professional Services: Include when additional professional services like consulting or custom development are part of the arrangement
2. Transition Services: Include when specific provisions for service transition in or out are required
3. Disaster Recovery: Include when specific disaster recovery services are part of the managed services offering
4. Change Management: Include when formal change management procedures need to be documented
5. Third-Party Services: Include when third-party services or products are integrated into the solution
6. Export Control: Include when services involve cross-border data transfers or international service delivery
7. Industry-Specific Compliance: Include when services are provided to regulated industries requiring specific compliance measures
8. Service Credits: Include when financial credits are offered for service level failures
9. Hardware Provisions: Include when physical hardware is provided as part of the managed services
1. Schedule 1 - Service Description: Detailed technical specifications of all cloud managed services
2. Schedule 2 - Service Levels: Detailed service level metrics, measurement methods, and reporting requirements
3. Schedule 3 - Pricing and Payment: Detailed fee structure, rates, and payment terms
4. Schedule 4 - Support Services: Support level definitions, response times, and escalation procedures
5. Schedule 5 - Security Requirements: Detailed security protocols, compliance requirements, and security measures
6. Schedule 6 - Data Processing Agreement: Specific terms for personal data processing and privacy compliance
7. Schedule 7 - Service Implementation Plan: Timeline and milestones for service implementation
8. Schedule 8 - Authorized Personnel: List of key personnel and roles from both parties
9. Appendix A - Technical Requirements: Customer's technical environment specifications and requirements
10. Appendix B - Business Continuity Plan: Procedures for maintaining service continuity during disruptions
Authors
Information Technology
Financial Services
Healthcare
Government
Education
Retail
Manufacturing
Professional Services
Telecommunications
Energy and Utilities
Media and Entertainment
Transportation and Logistics
Legal
Information Technology
Information Security
Procurement
Compliance
Risk Management
Operations
Service Delivery
Vendor Management
Digital Transformation
Infrastructure
Solution Architecture
Finance
Chief Information Officer
Chief Technology Officer
IT Director
Cloud Services Manager
Information Security Manager
Procurement Manager
Legal Counsel
Compliance Officer
Operations Director
Service Delivery Manager
Risk Manager
Technical Architecture Manager
Vendor Management Lead
Digital Transformation Director
Infrastructure Manager
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