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The master service agreement serves as a master contract governing the terms over potentially multiple SOWs. Sometimes it refers to scope of work. For instance, if a project is done on contract, the scope statement included as part of it can be used as the SOW since it also outlines the work of the project in clear and concise terms.
Additionally, SEMMA is designed to help the users of the SAS Enterprise Miner software. Therefore, applying it outside Enterprise Miner may be ambiguous. [3] However, in order to complete the "Sampling" phase of SEMMA a deep understanding of the business aspects would have to be a requirement in order to do effective sampling.
This master agreement can be used to mediate employer-employee conflict in the workplace by having a reference point to work out solutions and set specific terms. Contracts are often negotiated as a unified master service agreement and statement of work , such as with information technology service providers .
An output contract is an agreement in which a producer agrees to sell his or her entire production to the buyer, who in turn agrees to purchase the entire output. Example: an almond grower enters into an output contract with an almond packer: thus the producer has a "home" for output of nuts, and the packer of nuts is happy to try the particular product.
A SAS Domain is the SAS version of a SCSI domain—it consists of a set of SAS devices that communicate with one another by means of a service delivery subsystem. Each SAS port in a SAS domain has a SCSI port identifier that identifies the port uniquely within the SAS domain, the World Wide Name.
The output received by the customer as a result of the service provided is the main focus of the service level agreement. Service level agreements are also defined at different levels: Customer-based SLA: An agreement with an individual customer group, covering all the services they use. For example, an SLA between a supplier (IT service ...
Put option: A put option gives its buyer the right, but not the obligation, to sell a stock at the strike price prior to the expiration date. When you buy a call or put option, you pay a premium ...
A take-or-pay contract, or a take-or-pay clause within a contract, is a payment obligation agreed between a business customer and its supplier.With this kind of contract, the customer either takes the product from the supplier or pays the supplier a penalty.