Read the SLAs to learn about our uptime guarantees and downtime credit policies. The Service Level Agreement (SLA) describes Microsoftâs commitments for uptime and connectivity. The SLA for individual Azure services are listed below.
A contract is a legally binding or valid agreement between two parties. The law will consider a contract to be valid if the agreement contains all of the following elements:1  offer and acceptance; 2  an intention between the parties to create binding relations; 3  consideration to be paid for the promise made;4  legal capacity of the parties to act; 5  genuine consent of the parties; and.he law will consider a contract to be valid if the agreement contains all of the following elements: 1  offer and acceptance; 2  an intention between the parties to create binding relations; 3  consideration to be paid for the promise made; 4  legal capacity of the parties to act; 5  genuine consent of the parties; and.
A contract has to be made up of several elements for it to be considered a legally-binding agreement. First, there must be offer and acceptance, or two or more parties agreeing to the terms. Next, both parties must be competent, or free of mental illness. All parties must mutually agree to the terms of the contract. Finally, there must be consideration, or an exchange of one thing of value for another. Our focus is on capacity and how the law views the legality of a contract when one or more of the parties is mentally ill. In the eyes of the law, a contract is voidable if a person is proven to have mental incapacity. Mentally ill can take on a few different diagnoses. One is considered mentally ill if the person suffers from: 1  Schizophrenia.