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The standardized service contract is a software design principle [1] applied within the service-orientation design paradigm to guarantee that service contracts [2] within a service inventory [3] (enterprise or domain) adhere to the same set of design standards. [4] This facilitates standardized service contracts across the service inventory. [5]
International Standard on Assurance Engagements (ISAE) 3402, titled Assurance Reports on Controls at a Service Organization, is an international assurance standard that describes Service Organization Control (SOC) engagements, which provides assurance to an organization's customer that the service organization has adequate internal controls. [1]
For example, in an agreement for a home construction there might be a clause requiring the party purchasing the contractor's services to assist the contractor in securing variances, easements, or building permits required by law for a home construction. Without a further assurances clause one party might try to escape the contract by ...
Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.
Within major IT programs external assurance often focuses on program delivery and would concentrate on program plans and capability. Where assurance also covers the solution this would include the business processes, systems, infrastructure, service and hosting. Solution may also cover the approach to design, delivery and implementation.
Assurance contracts are popular with libertarians and anarcho-capitalists who see it as a voluntary alternative to taxation.. Assurance contracts are also relevant to international public good provision problems, as international organisations often lack the power to draw in revenue through taxation and must instead rely upon contributions from their members.