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Third Party SLA
"I need a Third Party SLA for a cloud storage service provider in Singapore, with strict data protection requirements and 99.9% uptime guarantee, to be implemented by March 2025 for our financial services business."
1. Parties: Identification of service provider and customer with full legal names
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Service Levels: Detailed description of service levels, metrics, and measurement methods
5. Performance Monitoring: Methods and frequency of service level monitoring
6. Service Credits: Compensation mechanism for service level failures
7. Reporting Requirements: Regular reporting obligations and formats
1. Industry-Specific Compliance: Additional compliance requirements for regulated industries such as financial services, healthcare, or telecommunications
2. Data Localization: Specific requirements for data storage location and handling of sensitive data
3. Business Continuity: Disaster recovery and business continuity requirements for critical services
1. Schedule 1 - Service Level Metrics: Detailed technical specifications of service levels and performance indicators
2. Schedule 2 - Service Credit Calculation: Formula and examples for calculating service credits for service level breaches
3. Schedule 3 - Report Templates: Standard formats for regular service level reporting and monitoring
4. Schedule 4 - Contact Matrix: Key contacts and escalation procedures for both parties
5. Schedule 5 - Technical Requirements: Detailed technical specifications and requirements for service delivery
Authors
Service Levels
Service Credits
Business Day
Business Hours
Commencement Date
Confidential Information
Contract Year
Customer
Customer Data
Downtime
Force Majeure Event
Incident
Key Performance Indicators (KPIs)
Measurement Period
Minimum Service Levels
Monthly Service Fee
Planned Maintenance
Response Time
Resolution Time
Service Availability
Service Credits
Service Hours
Service Level Failure
Service Level Report
Service Provider
Service Provider Personnel
Services
Support Services
System
Term
Third Party Dependencies
Unplanned Downtime
Urgent Support
Working Hours
Service Level Measurement
Service Credits and Penalties
Reporting and Monitoring
Performance Review
Problem Resolution
Escalation Procedures
Support Services
Maintenance Windows
Change Management
Business Continuity
Disaster Recovery
Data Protection
Confidentiality
Security Requirements
Audit Rights
Force Majeure
Liability and Indemnification
Insurance
Termination
Dispute Resolution
Governing Law
Assignment and Subcontracting
Notices
Amendment Process
Service Provider Personnel
Customer Obligations
Warranties
Intellectual Property Rights
Compliance with Laws
Documentation Requirements
Service Level Review and Improvement
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