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Master Service Agreement IT Services
"I need a Master Service Agreement IT Services for our Hong Kong-based financial services firm, with robust data protection clauses and cybersecurity requirements, planned to be effective from March 2025; the agreement should include specific provisions for handling sensitive financial data and compliance with HKMA regulations."
1. Parties: Identifies the service provider and customer, including full legal names and registered addresses
2. Background: Context of the agreement and high-level business relationship overview
3. Definitions and Interpretation: Defines key terms and establishes interpretation rules for the agreement
4. Services Scope and Delivery: Outlines the general framework for service provision and delivery obligations
5. Term and Renewal: Specifies initial term, renewal conditions, and termination notice periods
6. Service Provider Obligations: Details core obligations, including service levels, reporting, and compliance requirements
7. Customer Obligations: Specifies customer responsibilities, including access, information provision, and cooperation
8. Charges and Payment: Payment terms, invoicing procedures, and price adjustment mechanisms
9. Data Protection and Security: Compliance with Hong Kong PDPO and data security requirements
10. Intellectual Property Rights: Ownership and licensing of pre-existing and newly created IP
11. Confidentiality: Protection of confidential information and trade secrets
12. Liability and Indemnities: Risk allocation, limitation of liability, and indemnification provisions
13. Force Majeure: Handling of events beyond reasonable control
14. Termination: Termination rights, consequences, and exit management
15. General Provisions: Standard boilerplate clauses including governing law, notices, and entire agreement
1. Change Control: Formal procedures for managing changes to services or agreement terms - include for complex service arrangements
2. Business Continuity and Disaster Recovery: Requirements for service continuity and recovery - include for critical services
3. Staff and Key Personnel: Requirements for service delivery team and key staff - include when specific expertise is crucial
4. Information Security Management: Detailed information security requirements - include for services involving sensitive data
5. Audit Rights: Customer's rights to audit service provider - include for regulated industries or critical services
6. Service Credits: Financial consequences of service level failures - include when specific performance levels are critical
7. Third-Party Rights: Rights of third parties under the Contract (Rights of Third Parties) Ordinance - include when third parties rely on services
8. Anti-Bribery and Corruption: Specific anti-corruption provisions - include for public sector or regulated customers
1. Schedule 1 - Services Description: Detailed description of each service, including technical specifications and requirements
2. Schedule 2 - Service Levels: Specific service levels, measurement methods, and reporting requirements
3. Schedule 3 - Charges: Detailed pricing, including rate cards, expenses, and any variable charges
4. Schedule 4 - Customer Dependencies: Detailed customer obligations and prerequisites for service delivery
5. Schedule 5 - Security Requirements: Specific security protocols, standards, and compliance requirements
6. Schedule 6 - Data Processing Agreement: Detailed data protection terms compliant with Hong Kong PDPO
7. Schedule 7 - Business Continuity Plan: Detailed continuity and disaster recovery procedures
8. Schedule 8 - Governance and Reporting: Management structure, meeting schedules, and reporting templates
9. Appendix A - Contact Details: Key contacts and escalation procedures
10. Appendix B - Approved Subcontractors: List of approved subcontractors and their roles
Authors
Financial Services
Banking
Insurance
Technology
E-commerce
Healthcare
Education
Professional Services
Retail
Manufacturing
Telecommunications
Real Estate
Logistics and Supply Chain
Government and Public Sector
Legal
Information Technology
Procurement
Compliance
Risk Management
Operations
Information Security
Data Protection
Vendor Management
Project Management
Service Delivery
Commercial
Chief Information Officer
Chief Technology Officer
IT Director
Procurement Manager
Legal Counsel
Contract Manager
Information Security Officer
Data Protection Officer
IT Project Manager
Service Delivery Manager
Account Executive
Risk Manager
Compliance Officer
Operations Director
Technology Consultant
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