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Managed Network Services Agreement
"I need a Managed Network Services Agreement for my fintech company to engage a service provider who will manage our cloud infrastructure and maintain strict security protocols, with service commencement planned for March 2025."
1. Parties: Details of the service provider and customer, including registered addresses and company numbers
2. Background: Context of the agreement and high-level description of services to be provided
3. Definitions: Defined terms used throughout the agreement
4. Services: Detailed description of managed network services to be provided
5. Service Levels: Performance standards, metrics, and measurement methodology
6. Charges and Payment: Pricing, payment terms, and invoicing arrangements
7. Customer Obligations: Customer responsibilities and requirements
8. Provider Obligations: Provider responsibilities and commitments
9. Data Protection: GDPR compliance and data handling requirements
10. Confidentiality: Protection of confidential information
11. Term and Termination: Duration and termination provisions
12. Liability and Indemnities: Limitation of liability and indemnification clauses
1. Change Control: Process for managing changes to services - recommended for complex or long-term agreements
2. Transition Services: Process for service implementation and migration - used when taking over from incumbent provider
3. Exit Management: Provisions for service termination and transition out - recommended for business-critical services
4. Business Continuity: Disaster recovery and business continuity requirements - essential for critical infrastructure services
5. Staff and Key Personnel: Requirements for service delivery team - used when specific expertise or personnel are crucial
1. Schedule 1 - Service Description: Detailed technical specifications of services
2. Schedule 2 - Service Levels and KPIs: Detailed performance metrics and measurement criteria
3. Schedule 3 - Charges: Detailed pricing structure and rate cards
4. Schedule 4 - Data Processing Agreement: Detailed data protection obligations and procedures
5. Schedule 5 - Network Architecture: Technical diagrams and network specifications
6. Schedule 6 - Security Requirements: Detailed security protocols and standards
7. Schedule 7 - Escalation Procedures: Service issue escalation process and contact details
8. Schedule 8 - Change Control Procedure: Detailed process for managing service changes
9. Schedule 9 - Exit Plan: Detailed provisions for service termination
Authors
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