Outsourcing Agreement
/ˈaʊtsɔːrsɪŋ əˈɡriːmənt/
Definitions
- (n.) A contract whereby one party agrees to perform certain services or produce goods for another party, typically to reduce costs or focus on core activities.
The company signed an outsourcing agreement to delegate its customer support operations to a specialized firm.
Forms
- outsourcing agreements
Related terms
See also
Commentary
Typically involves transfer of operational tasks; important to clearly specify scope, performance standards, and confidentiality provisions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.