What are the different aspects to be considered while drafting out the agreement with a third party outsourcing service provider? Remember that every agreement will have attached a “statement of work exhibits”. This will off course differ depending on the type of services that are sought after.These are the points that have to be positively included in the outsourcing contract whether domestic or from offshore locations.
- Clear description of the work
- Schedule of project meetings
- Provisional remedies
- Proprietary rights
- Pricing/fee details
- Obligations of service provider
- Specific acceptance period
- Time period
- Non compete agreement
- Intellectual property issues
- Confidentiality details
- Jurisdiction/dispute details
- Compliance with all regulations
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