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“Outsourcing agreement is an agreement between a business and a service provider in which the service provider promises to provide necessary services. Such services include data processing and information management, using its own staff and equipment, and usually at its own facilities.
A good outsourcing agreement is one that provides a comprehensive road map of the duties and obligations of both the parties – outsourcer and service provider. It thus minimizes complications in case a dispute arises. But the irony is many times people neglect to pay attention while drafting an outsourcing agreement.
1. What are the three types of outsourcing contracts?
The three primary types of relationship-based software outsourcing: Staff augmentation outsourcing, managed team outsourcing, and project-based outsourcing.
2. What are the advantages of outsourcing your work?
The advantages of outsourcing the work are:-