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SLA For Incident
"Need an SLA for Incident Management for our Singapore-based fintech company that will engage a third-party IT service provider from March 2025, with specific focus on critical incident response times and compliance with MAS guidelines."
1. Parties: Identification of service provider and customer
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement including incident classifications, severity levels, and response times
4. Service Levels: Detailed metrics and performance standards for incident response and resolution
5. Incident Classification: Categories of incidents and their severity levels, including impact assessment criteria
6. Response Times: Guaranteed response times for each incident category and severity level
7. Reporting Requirements: Incident reporting procedures, timeframes, and documentation requirements
8. Service Credits: Compensation mechanism for failing to meet agreed service levels
1. Business Continuity: Disaster recovery procedures and business continuity requirements for critical incidents
2. Security Requirements: Specific security measures and protocols for incident handling and prevention
3. Data Protection: PDPA compliance measures and data handling requirements during incident management
1. Schedule 1 - Service Level Metrics: Detailed performance indicators and measurement methods for incident management
2. Schedule 2 - Incident Response Procedures: Step-by-step incident handling procedures and workflows
3. Schedule 3 - Contact Matrix: Key contacts and escalation paths for incident management
4. Schedule 4 - Service Credit Calculations: Formula and examples for service credit computation based on SLA breaches
5. Schedule 5 - Reporting Templates: Standard formats for incident reporting and documentation
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