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Long Term Service Contract
"I need a Long Term Service Contract for IT managed services between our Hong Kong technology company and a Singapore-based cloud services provider, starting March 2025, with emphasis on data protection compliance and service level requirements."
1. Parties: Identification of the service provider and service recipient with full legal names and registered addresses
2. Background: Context of the agreement and brief description of the parties' business relationship
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided, including core obligations and deliverables
5. Term and Renewal: Duration of the agreement and conditions for renewal
6. Service Provider's Obligations: Detailed responsibilities and commitments of the service provider
7. Client's Obligations: Responsibilities and commitments of the client, including cooperation and access requirements
8. Fees and Payment Terms: Pricing structure, payment schedule, invoicing requirements, and payment methods
9. Service Levels: Performance standards, KPIs, and measurement criteria
10. Intellectual Property Rights: Ownership and usage rights of pre-existing and created IP
11. Confidentiality: Protection and handling of confidential information
12. Data Protection: Compliance with Hong Kong's Personal Data (Privacy) Ordinance and data handling procedures
13. Liability and Indemnification: Limitation of liability and indemnification obligations
14. Termination: Grounds for termination, notice requirements, and consequences
15. Force Majeure: Events excusing performance and related procedures
16. Governing Law and Jurisdiction: Hong Kong law as governing law and jurisdiction for disputes
17. General Provisions: Standard boilerplate clauses including notices, assignment, and entire agreement
1. Change Control: Process for requesting and implementing changes to services - include when services may evolve over time
2. Business Continuity: Disaster recovery and business continuity requirements - include for critical services
3. Insurance: Insurance requirements and coverage levels - include for high-risk services
4. Anti-Corruption: Anti-bribery and corruption provisions - include when dealing with public sector or high-risk jurisdictions
5. Audit Rights: Right to audit service provider's performance and records - include for regulated industries or critical services
6. Security Requirements: Specific security protocols and requirements - include when handling sensitive data or systems
7. Transition Assistance: End of contract transition support - include for complex or business-critical services
8. Regulatory Compliance: Specific regulatory requirements - include for regulated industries
9. Subcontracting: Terms for engaging subcontractors - include when subcontracting is likely
1. Schedule 1 - Services Description: Detailed specification of services, including technical requirements and deliverables
2. Schedule 2 - Service Levels and KPIs: Detailed service level requirements, measurement methods, and penalties
3. Schedule 3 - Charges and Payment: Detailed fee structure, rates, expenses, and payment calculations
4. Schedule 4 - Key Personnel: List of key personnel from both parties and their roles
5. Schedule 5 - Implementation Plan: Timeline and milestones for service implementation
6. Schedule 6 - Change Control Procedure: Detailed process for requesting and implementing changes
7. Schedule 7 - Required Insurance: Specific insurance types and coverage levels required
8. Appendix A - Template Reports: Standard formats for required service reports and documentation
9. Appendix B - Security Policies: Detailed security requirements and procedures
Authors
Information Technology
Professional Services
Financial Services
Healthcare
Telecommunications
Facilities Management
Business Process Outsourcing
Manufacturing
Real Estate
Education
Logistics and Supply Chain
Legal Services
Legal
Procurement
Operations
Commercial
Finance
Risk and Compliance
Service Delivery
Account Management
Business Development
Vendor Management
Chief Operations Officer
Procurement Manager
Legal Counsel
Contract Manager
Commercial Director
Operations Director
Risk Manager
Compliance Officer
Service Delivery Manager
Account Manager
Business Development Director
Chief Financial Officer
Vendor Management Officer
Project Manager
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