Alabama Processing and Services Outsourcing Agreement

State:
Multi-State
Control #:
US-CP1021A-AM
Format:
Word; 
Rich Text
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Description

This sample form, a detailed Processing and Services Outsourcing Agreement document, is for use in the computer, internet and/or software industries. Adapt to fit your circumstances. Available in Word format.
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FAQ

There are three main types of outsourcing contracts that you may want to consider: fixed price, target cost contract, and time and materials contract.

Outsourcing is a business practice in which services or job functions are hired out to a third party on a contract or ongoing basis.

What should be included in an outsourcing agreement? The term. ... The outsourced services and level of service by the supplier. ... Pricing and charging. ... The transfer of employees. ... Asset transfers. ... Intellectual property rights. ... Data protection. ... Warranties and liability clauses.

Outsourcing agreements must contain as much information about the project as possible to avoid possible misunderstandings and mutual accusations in the future. In addition, in the event of a breach of contract by either party, settlement and compensation conditions must be defined.

The 19 clauses we recommend including in every outsourcing contract are: Detailed project scope. Service-level agreements. Contract duration. Transfer of assets. Warranty and liabilities. Product ownership. IP protection clause. Data Protection.

In short, an outsourcing contract is a legal document that goes over what work will be handled by the third-party, what expectations you have, what timelines should be achieved, and things of that nature. It basically protects your investment and also dictates how the third-party gets paid.

An outsource agreement, sometimes called a commercial outsourcing services agreement, is a legal contract between a company and the contracted service provider they hire to perform services on their behalf.

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Alabama Processing and Services Outsourcing Agreement