Service level agreement (SLA)
The performance standards a vendor commits to
A contract, or a section within a larger agreement, that sets measurable performance commitments such as uptime, response times, or resolution times, along with the remedies (credits, termination rights) if those commitments aren't met. It's standard in SaaS and vendor contracts where reliability is part of what's being sold.
Ruby drafts this
Flat fee, confirmed before any work begins, with a licensed Canadian lawyer on every document.
Have a question this glossary can't answer?
Tell us about your matter and a Ruby lawyer will follow up directly.
