This outsourcing service contract is concluded from [Date date] and takes place between [Sender.FirstName][Sender.LastName] with headquarters under [Sender.Address] and [Client.FirstName][Client.] LastName] with seat under [Client.Address]. To ensure that all risk factors are properly considered, the outsourced party (the company that outsourced a service) should list its main outsourcing concerns and conduct a discussion process with the contractor in order to reach agreement on each of the topics that can then be defined in a robust outsourcing contract. There is no strict rule on who should develop the outsourcing contract, and any party can take the initiative. However, it is the best practice for companies to treat contracts offered by contractors with some caution, since the terms of these contracts are generally more advantageous to the contractor. In short, an outsourcing contract is a legal document that talks about the work done by third parties, the expectations you have, the schedules to be achieved and that kind of work. PandaTip: The data entered in the right tokens automatically fills the data in this outsourced service contract model. Before sending the contract established by PandaDoc`s contract management software, read the contract to ensure that your requirements are fully met by the terms of the contract. Disposal provision – The possibility of awarding agreements to the service provider is often considered when the company wants to terminate contracts and move away from the contractual relationship. One way to manage the outsourcing contract is to entrust employees with a high level of management and preferably with experience in outsourced contract management with the task of overseeing the initial transition process. In order to ensure the proper management of the outsourcing contract, it is essential to empower those who are dedicated to the task and who are able to identify problems from the outset and focus them on reducing risks to the company. This too can be as simple as “design work.” It really depends on your needs and what third-party companies offer.