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.
In general, oral contracts are just as valid as written ones, but some jurisdictions either require a contract to be in writing in certain circumstances (for example where real property is being conveyed), or that a contract be evidenced in writing (although the contract itself may be oral).rom Wikipedia, the free encyclopedia. An oral contract is a contract, the terms of which have been agreed by spoken communication. This is in contrast to a written contract, where the contract is a written document.