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Term Service Agreement
"I need a Term Service Agreement for IT support services to be provided by our company to multiple corporate clients in India, with service level commitments and penalties, starting from March 2025."
1. Parties: Identification and details of the service provider and service recipient, including registered addresses and company registration numbers
2. Background: Context of the agreement, brief description of the parties' business and purpose of entering into the agreement
3. Definitions: Definitions of key terms used throughout the agreement for clarity and consistency
4. Scope of Services: Detailed description of services to be provided, including deliverables and service standards
5. Term and Renewal: Duration of the agreement, commencement date, and renewal provisions
6. Payment Terms: Service fees, payment schedule, invoicing process, and late payment consequences
7. Service Provider Obligations: Key responsibilities and commitments of the service provider
8. Client Obligations: Key responsibilities and commitments of the client
9. Service Levels: Performance standards, metrics, and measurement methodology
10. Confidentiality: Protection of confidential information and trade secrets
11. Intellectual Property Rights: Ownership and usage rights of pre-existing and created IP
12. Termination: Grounds for termination, notice periods, and consequences of termination
13. Indemnification: Mutual indemnification obligations and processes
14. Limitation of Liability: Caps on liability and excluded losses
15. Force Majeure: Events beyond reasonable control and their impact on obligations
16. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction
17. Notices: Process and addresses for formal communications between parties
18. General Provisions: Standard boilerplate clauses including assignment, severability, and entire agreement
1. Data Protection and Privacy: Include when personal data processing is involved, detailing compliance with applicable data protection laws
2. Regulatory Compliance: Include for regulated industries specifying compliance requirements and responsibilities
3. Insurance: Include when specific insurance coverage is required for service provision
4. Business Continuity: Include for critical services requiring disaster recovery and business continuity planning
5. Security Requirements: Include when handling sensitive information or systems access is required
6. Audit Rights: Include when client requires right to audit service provider's operations or compliance
7. Personnel Requirements: Include when specific qualifications or security clearances are required for service personnel
8. Change Control: Include for complex services requiring formal process for changes to scope or specifications
9. Exit Management: Include for complex services requiring detailed transition arrangements upon termination
1. Schedule 1 - Service Specifications: Detailed technical and operational specifications of services
2. Schedule 2 - Service Levels and KPIs: Detailed service level agreements, performance indicators, and measurement methods
3. Schedule 3 - Charges and Payment: Detailed fee structure, rate cards, and payment terms
4. Schedule 4 - Form of Change Order: Template for documenting and approving changes to services
5. Schedule 5 - Key Personnel: List of key personnel from both parties responsible for service delivery and management
6. Schedule 6 - Security and Compliance Requirements: Detailed security protocols and compliance requirements
7. Schedule 7 - Transition Plan: Implementation and service transition methodology
8. Appendix A - Contact Details: Contact information for key stakeholders and escalation matrix
9. Appendix B - Required Reports: List and templates of required service reports and their frequency
Authors
Applicable Law
Business Day
Charges
Commencement Date
Confidential Information
Contract Year
Deliverables
Dispute
Effective Date
Force Majeure Event
Good Industry Practice
Intellectual Property Rights
Key Personnel
Material Breach
Notice
Party/Parties
Performance Standards
Personnel
Records
Reports
Representatives
Schedule
Services
Service Levels
Service Level Agreement
Service Provider
Service Recipient
Site
Specifications
Subcontractor
Term
Termination Date
Third Party
Working Hours
Change Order
Change Request
Defect
Documentation
Emergency
Fees
Initial Term
Renewal Term
Response Time
Service Credits
Service Failure
Support Services
Transition Period
Transition Plan
User
Services Scope
Term and Duration
Performance Standards
Service Levels
Payment Terms
Invoicing
Confidentiality
Data Protection
Intellectual Property
Warranties
Indemnification
Limitation of Liability
Force Majeure
Termination
Exit Management
Personnel
Subcontracting
Change Control
Dispute Resolution
Governing Law
Assignment
Non-solicitation
Compliance
Audit Rights
Insurance
Notice
Business Continuity
Security
Records and Reports
Entire Agreement
Severability
Waiver
Amendment
Third Party Rights
Relationship of Parties
Anti-corruption
Interpretation
Survival
Time of Essence
Counterparts
Information Technology
Professional Services
Healthcare
Manufacturing
Telecommunications
Financial Services
Education
Facilities Management
Consulting
Engineering
Transportation and Logistics
Real Estate
Media and Entertainment
Research and Development
Energy and Utilities
Legal
Procurement
Operations
Finance
Compliance
Risk Management
Commercial
Vendor Management
Project Management
Business Development
Service Delivery
Contract Administration
Supply Chain
Account Management
Chief Operating Officer
Procurement Manager
Legal Counsel
Contract Manager
Operations Director
Service Delivery Manager
Vendor Management Specialist
Business Development Manager
Commercial Director
Risk Manager
Compliance Officer
Project Manager
Account Manager
Chief Financial Officer
Supply Chain Manager
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