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.
It is usual for each party to a contract to retain one original. Thus, where there are two parties, two original copies should be signed and one retained by each party. A contract can only be effective if the necessary formalities to create a binding agreement between the parties have been observed. If in doubt, obtain legal advice from lawyers in the appropriate jurisdiction.