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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
Authors
Business Day
Business Hours
Confidential Information
Critical Incident
Customer
Data Protection Laws
Effective Date
Emergency Maintenance
Escalation Path
Force Majeure Event
Incident
Incident Management
Incident Priority Levels
Incident Report
Incident Resolution
Incident Response Time
Key Performance Indicators (KPIs)
Maintenance Window
Major Incident
Minor Incident
Normal Operating Hours
Parties
Personal Data
Resolution Time
Response Time
Service Credits
Service Hours
Service Level Agreement (SLA)
Service Level Metrics
Service Level Objectives (SLOs)
Service Provider
Service Recovery Time
Support Services
System
Term
Third-Party Provider
Uptime
Urgent Incident
Working Hours
Service Levels and Performance Standards
Incident Classification
Response Times
Resolution Times
Reporting Requirements
Service Credits
Measurement and Monitoring
Escalation Procedures
Support Services
Maintenance and Downtime
Business Continuity
Data Protection
Confidentiality
Security Requirements
Force Majeure
Liability and Indemnification
Dispute Resolution
Term and Termination
Governing Law
Amendment and Modification
Notice Requirements
Assignment and Subcontracting
Service Provider Obligations
Customer Obligations
Audit Rights
Review and Improvement
Personnel Requirements
Insurance
Entire Agreement
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