👉 Contracts computing, also known as cloud computing contracts or service-level agreements (SLAs) in the context of computing services, are legally binding agreements between a cloud service provider and a client that define the terms and conditions of the service provided. These contracts outline the responsibilities, obligations, and expectations of both parties, including service availability, performance metrics, data security, pricing structures, billing terms, and dispute resolution mechanisms. They ensure clarity on the scope of services, define how performance will be measured and reported, and establish penalties or remedies for non-compliance. Essentially, contracts computing formalize the relationship between a client seeking cloud-based services and a provider delivering those services, ensuring both parties are protected and aligned on the terms of the agreement.
