Business OS
Finance & AccountingBanking

Service Level Agreement

This Service Level Agreement (SLA) template is designed for businesses to define the level of service expected from a vendor or service provider. It outlines responsibilities, service standards, and remedies for non-compliance.

Updated today
SLAService AgreementVendor ContractService ProviderBusiness AgreementBanking

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

SERVICE LEVEL AGREEMENT

This Service Level Agreement ("Agreement") is made and entered into on this {{date}} day of {{month}}, {{year}}, by and between:

{{service_provider_company_name}}, having its principal place of business at {{service_provider_address}} (hereinafter referred to as "Provider"); and

{{client_company_name}}, having its principal place of business at {{client_address}} (hereinafter referred to as "Client").

Collectively referred to as the "Parties" and individually as "Party".

1. Purpose

This Agreement sets forth the terms and conditions under which the Provider will deliver services to the Client, outlining the scope of services, performance objectives, responsibilities of both Parties, and mechanisms for issue resolution.

2. Scope of Services

The Provider agrees to furnish the following services (hereinafter referred to as "Services") to the Client:

- {{service_description_1}}

- {{service_description_2}}

- {{service_description_3}}

A detailed description of the Services, including any deliverables, can be found in Schedule A, attached hereto and incorporated by reference.

3. Service Availability and Performance

3.1 Uptime Guarantee: The Provider guarantees a service availability of {{uptime_percentage}}% during operational hours.

3.2 Response Times: The Provider commits to the following response times for support requests:

- Critical Issues: Within {{critical_response_time}} hours

- High Issues: Within {{high_response_time}} hours

- Medium Issues: Within {{medium_response_time}} hours

- Low Issues: Within {{low_response_time}} hours

3.3 Resolution Times: The Provider aims to resolve issues within the following target times after initial response:

- Critical Issues: Within {{critical_resolution_time}} hours

- High Issues: Within {{high_resolution_time}} hours

- Medium Issues: Within {{medium_resolution_time}} hours

- Low Issues: Within {{low_resolution_time}} hours

4. Responsibilities of the Parties

4.1 Provider's Responsibilities:

- Deliver Services as per the agreed-upon scope and service levels.

- Maintain necessary infrastructure and personnel to support the Services.

- Provide regular reports on service performance as outlined in Section 7.

4.2 Client's Responsibilities:

- Provide necessary access and information to the Provider for service delivery.

- Promptly notify the Provider of any issues or concerns regarding the Services.

- Cooperate with the Provider in troubleshooting and issue resolution.

5. Service Credits and Penalties

In the event that the Provider fails to meet the agreed-upon service levels, the Client may be entitled to service credits or penalties as follows:

- For each {{time_period}} where uptime falls below {{uptime_percentage}}%, a credit of {{credit_percentage}}% of the monthly service fee will be applied.

- Specific penalties for failure to meet response or resolution times will be detailed in Schedule B, if applicable.

6. Reporting and Review

The Provider will furnish the Client with monthly service performance reports by the {{reporting_day}} day of each month. The Parties agree to review this Agreement on an annual basis or as deemed necessary by either Party.

7. Term and Termination

This Agreement shall commence on {{start_date}} and continue for a period of {{term_duration}} (the "Initial Term"). Thereafter, it shall automatically renew for successive {{renewal_duration}} periods unless either Party provides written notice of non-renewal at least {{notice_period}} days prior to the expiration of the then-current term.

Either Party may terminate this Agreement immediately upon written notice if the other Party materially breaches any of its obligations hereunder and fails to cure such breach within {{cure_period}} days of receiving written notice thereof.

8. Governing Law

This Agreement shall be governed by and construed in accordance with the laws of {{country}}, without regard to its conflict of law principles. Any disputes arising under or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of {{city}}, {{country}}.

Signature Block

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

_______________________________

Provider Authorized Signature

Name: {{provider_signatory_name}}

Title: {{provider_signatory_title}}

_______________________________

Client Authorized Signature

Name: {{client_signatory_name}}

Title: {{client_signatory_title}}

Related templates