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Common SLA
"I need a Common SLA for IT infrastructure management services to be provided to our Hong Kong fintech startup, with specific focus on 24/7 system availability and strict data security requirements, planned to commence from January 2025."
1. Parties: Identifies and provides full legal details of the service provider and customer
2. Background: Explains the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Services Overview: High-level description of the services to be provided
5. Service Levels: Detailed performance metrics and standards that the provider must meet
6. Performance Monitoring: Methods and frequency of measuring and reporting service performance
7. Service Credits: Compensation mechanism for failure to meet service levels
8. Problem Resolution: Process for identifying, reporting, and resolving service issues
9. Provider Obligations: Key responsibilities and commitments of the service provider
10. Customer Obligations: Key responsibilities and commitments of the customer
11. Charges and Payment: Pricing, payment terms, and invoicing procedures
12. Term and Termination: Duration of agreement and circumstances for termination
13. Liability and Indemnities: Allocation of risks and limitations of liability
14. Confidentiality: Protection of confidential information
15. General Provisions: Standard boilerplate clauses including governing law, notices, etc.
1. Data Protection: Required when personal data processing is involved, detailing compliance with privacy laws
2. Disaster Recovery: Include when service continuity is critical, specifying recovery procedures and timelines
3. Security Requirements: Needed for services involving sensitive data or systems
4. Change Management: Include for complex services where regular changes to scope or specifications are expected
5. Audit Rights: Important for regulated industries or when compliance verification is needed
6. Personnel Requirements: Include when specific qualifications or security clearances are required
7. Insurance: Required for high-risk services or when significant liability exposure exists
8. Intellectual Property Rights: Include when services involve creation or use of intellectual property
9. Exit Management: Important for complex services requiring detailed transition arrangements
1. Service Description Schedule: Detailed technical specifications of services
2. Service Level Metrics Schedule: Detailed performance indicators, measurement methods, and targets
3. Pricing Schedule: Detailed pricing structure, rates, and calculation methods
4. Operational Procedures: Day-to-day operational processes and procedures
5. Contact Details: Key personnel and escalation points for both parties
6. Service Credit Calculations: Detailed methodology for calculating service credits
7. Report Templates: Standard formats for performance and service reports
8. Technical Requirements: Customer's technical environment and integration requirements
Authors
Information Technology
Telecommunications
Financial Services
Cloud Computing
Professional Services
Healthcare
Manufacturing
Logistics
Real Estate
Retail
Education
Business Process Outsourcing
Data Center Services
Software Development
Consulting Services
Legal
Information Technology
Procurement
Operations
Vendor Management
Service Delivery
Compliance
Risk Management
Contract Administration
Quality Assurance
Chief Information Officer
IT Director
Service Delivery Manager
Procurement Manager
Contract Manager
Operations Director
Legal Counsel
Compliance Officer
Vendor Management Specialist
Service Level Manager
Technology Operations Manager
Business Relationship Manager
Chief Technology Officer
Project Manager
Quality Assurance Manager
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