Review:
Service Contracts
overall review score: 4.2
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score is between 0 and 5
Service contracts are agreements between a customer and a service provider outlining the terms and conditions of services to be provided.
Key Features
- Clear scope of services
- Defined duration
- Service level agreements
- Cost structure
- Terms and conditions
Pros
- Provides clarity on services to be rendered
- Establishes expectations between parties
- Can help in budgeting and cost forecasting
Cons
- May limit flexibility for changes in services
- Contracts may be difficult to negotiate or enforce