Managed Services Contract
Managed Services Contract
This Managed Services Contract ("Contract") is entered into as of [Enter Date], by and between [Your Company Name], a company incorporated in [Country], whose registered address is [Your Company Address], registered number [Registered Number], (hereafter referred to as "Company," "Party A" or "[Your Company Name]"), and [Provider Company Name], a company incorporated in [Country], whose registered address is [Provider Company Address], registered number [Provider Company Number] (hereafter referred to as "Provider," "Party B" or "[Provider Company Name]"), collectively referred to as the "Parties".
1. Services
Party B will provide managed IT services to Party A as detailed in the attached Service Level Agreement (SLA).
2. Term
This Contract will commence on [Start Date] and will continue until [End Date] unless otherwise terminated under this Contract.
3. Payment
Party A agrees to pay Party B a service fee as per the pricing structure detailed in Exhibit A, no later than the [Payment Date] of each month.
4. Confidentiality
Each Party agrees to keep all information regarding the other’s business including, but not limited to, the details of the clients, trade secrets, and technology, confidential and secret.
5. Warranties and Liabilities
Party B warrants that all Services under this Contract will be performed with professional diligence and skill. Any claims related to the breach of this contract shall be subject to the terms and conditions stipulated in this Contract.
6. Termination
Either Party may terminate this Contract by providing written notice to the other Party if any of the terms or conditions are not fulfilled.
7. Remedies
In the event of termination due to breach of Contract by Party B, Party A is entitled to seek any legal or equitable remedies applicable.
8. Force Majeure
Neither Party will be liable for any delays in processing or other nonperformance caused by such events as natural disasters, acts of war or terror, power outages, or other force majeure events.
9. Entire Agreement
This Contract along with its annexure constitutes the entire agreement between the Parties and supersedes any prior agreements, negotiations, and discussions.
10. Law and Jurisdiction
This Contract shall be governed by and interpreted under the laws of [Governing Country], and both Parties agree to submit to the jurisdiction of its courts.
IN WITNESS WHEREOF, the Parties have executed this Contract by their duly authorized representatives:
______________________________
By:
[Your Name]
[Your Company Name]
Date: [Date Signed]
______________________________
By:
[Provider Name]
[Provider Company Name]
Date: [Date Signed]
