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Hosted Services Agreement
"I need a Hosted Services Agreement for a financial services company that will be using a cloud provider's data analytics platform, with strict data security requirements and compliance with APRA regulations, starting from March 2025."
1. Parties: Identifies and provides details of the contracting parties (service provider and customer)
2. Background: Sets out the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Services: Detailed description of the hosted services to be provided, including scope and exclusions
5. Service Provider Obligations: Core obligations of the service provider, including service delivery, maintenance, and support
6. Customer Obligations: Customer's responsibilities, including providing necessary information and access
7. Security Requirements: Security measures, protocols, and compliance requirements
8. Data Protection and Privacy: Obligations regarding data handling, privacy compliance, and data breach procedures
9. Service Levels: Service level commitments, measurement, and remedies for failure
10. Charges and Payment: Pricing, payment terms, and invoicing procedures
11. Intellectual Property: IP ownership, licenses, and restrictions
12. Confidentiality: Protection of confidential information and trade secrets
13. Term and Termination: Duration, renewal, and termination provisions
14. Liability and Indemnities: Risk allocation, limitations of liability, and indemnification obligations
15. Force Majeure: Provisions for handling events beyond parties' reasonable control
16. General Provisions: Standard boilerplate clauses including governing law, dispute resolution, and notices
1. Personnel and Subcontractors: Include when the service provider may use subcontractors or when specific personnel requirements exist
2. Business Continuity and Disaster Recovery: Include for critical services or when required by customer's regulatory obligations
3. Change Management: Include when services may need significant modifications during the term
4. Audit Rights: Include when customer requires rights to audit service provider's compliance or security measures
5. Data Migration: Include when significant data migration is required at start or end of services
6. Service Credits: Include when financial remedies are offered for service level failures
7. Insurance: Include when specific insurance requirements are needed beyond standard coverage
8. Anti-Bribery and Modern Slavery: Include for compliance with specific regulations or customer policies
1. Service Description: Detailed technical and functional description of the hosted services
2. Service Levels and Service Credits: Detailed service level metrics, measurement methods, and associated credits
3. Charges: Detailed pricing, payment terms, and calculation methods
4. Security Requirements: Detailed security specifications, protocols, and compliance requirements
5. Data Processing Agreement: Detailed data handling procedures and privacy compliance requirements
6. Business Continuity and Disaster Recovery Plan: Detailed procedures for maintaining service continuity
7. Change Control Procedure: Process for requesting and implementing changes to services
8. Support Services: Details of support levels, response times, and escalation procedures
9. Exit Plan: Procedures and requirements for service termination and transition
Authors
Technology
Financial Services
Healthcare
Retail
Manufacturing
Professional Services
Education
Government
Telecommunications
Media and Entertainment
Energy and Utilities
Transportation and Logistics
Mining and Resources
Construction
Real Estate
Legal
Information Technology
Procurement
Information Security
Risk and Compliance
Operations
Finance
Data Privacy
Vendor Management
Digital Infrastructure
Enterprise Architecture
Service Operations
Chief Information Officer
Chief Technology Officer
IT Director
Legal Counsel
Procurement Manager
Information Security Manager
Privacy Officer
Risk Manager
Compliance Officer
Contract Manager
IT Operations Manager
Cloud Services Manager
Technical Architect
Service Delivery Manager
Data Protection Officer
Vendor Management Officer
Commercial Manager
Chief Digital Officer
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