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Cloud Computing Agreement
"I need a Cloud Computing Agreement for my fintech startup based in Zurich, acting as the customer, to contract with a major SaaS provider for our core banking platform, with specific focus on FINMA compliance and data protection requirements."
1. Parties: Identification of the contracting parties - the cloud service provider and the customer
2. Background: Context of the agreement and brief description of the services to be provided
3. Definitions: Definitions of key terms used throughout the agreement
4. Services: Detailed description of the cloud services to be provided, including scope and implementation
5. Service Levels: Performance standards, availability commitments, and quality metrics
6. Customer Obligations: Customer responsibilities, acceptable use policies, and compliance requirements
7. Fees and Payment: Pricing, payment terms, billing cycles, and related financial provisions
8. Data Protection and Security: Data handling obligations, security measures, and compliance with privacy laws
9. Intellectual Property Rights: IP ownership, licenses, and usage rights
10. Confidentiality: Protection of confidential information and trade secrets
11. Term and Termination: Duration, renewal, termination rights, and exit procedures
12. Liability and Indemnification: Limitation of liability, warranties, and indemnification provisions
13. Force Majeure: Events excusing performance and related procedures
14. General Provisions: Standard contractual provisions including governing law, jurisdiction, and notices
1. Professional Services: Additional implementation, configuration, or consulting services if required
2. Disaster Recovery: Specific disaster recovery and business continuity provisions if required beyond standard service levels
3. Financial Sector Compliance: Additional provisions for financial sector customers subject to FINMA regulations
4. Insurance: Specific insurance requirements if needed beyond standard coverage
5. Customer Data Migration: Specific provisions for data migration services if required
6. Audit Rights: Enhanced audit and compliance verification rights for regulated customers
7. Sub-processors: Detailed provisions regarding the use and management of sub-processors if relevant
1. Service Description: Detailed technical specifications of the cloud services
2. Service Level Agreement: Detailed service levels, metrics, and remedies
3. Pricing Schedule: Detailed pricing, payment terms, and calculation methods
4. Security Requirements: Detailed security standards, measures, and protocols
5. Data Processing Agreement: Detailed data processing terms compliant with FADP/GDPR
6. Support Services: Description of support levels, procedures, and contact details
7. Acceptable Use Policy: Detailed rules and restrictions for service usage
8. Business Continuity Plan: Disaster recovery and business continuity procedures
Authors
Financial Services
Healthcare
Insurance
Technology
Manufacturing
Retail
Professional Services
Education
Government
Telecommunications
Pharmaceutical
Energy
Transport and Logistics
Legal
Information Technology
Information Security
Procurement
Compliance
Risk Management
Data Protection
Operations
Infrastructure
Vendor Management
Chief Information Officer
Chief Technology Officer
Chief Legal Officer
IT Director
Privacy Officer
Data Protection Officer
Procurement Manager
IT Security Manager
Contract Manager
Legal Counsel
Cloud Infrastructure Manager
Information Security Officer
Risk Manager
Compliance Officer
Technical Operations Manager
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