Outsourcing Agreement

An outsourcing agreement is a contract between a company and an external service provider to perform specific business functions or processes. This agreement details the scope of work, performance metrics, confidentiality clauses, and pricing. Outsourcing agreements are essential for defining the responsibilities and expectations of both parties, ensuring that outsourced services are delivered efficiently and meet quality standards. Regular review and management of the outsourcing agreement help maintain a productive partnership and address any issues or changes in business requirements.