OUTSOURCING
Outsourcing, a strategic management tool, is the contracting out of the company’s non-core, non-revenue producing activities to specialists, involving the restructuring of an organization around what it does best.
Our team with an expertise involves outsourcing related to accounting, human resource, benefits, payroll, and finance functions and activities.
We have also involved in drafting of various Outsourcing Agreement which provides a comprehensive road map of the duties and obligations of both the parties – outsourcer and services provider, and minimise complications for any disputes.
Before signing an outsourcing agreement, the various factors must be properly addressed such as:
- Duties and obligations of both the parties
- Security and confidentiality
- Legal compliance
- Fees and payment terms
- Proprietary rights
- Auditing rights
- Terms of the Agreement
- Events of Defaults and Addressing
- Time limits
- Location of Arbitration
- Number of Arbitration
- Privacy Agreement
- Non-compete Agreement
- Confidentiality Agreement
- Rules Applicable
- Appeal & Enforcement
- Be aware of local peculiarities
- Survival terms after the termination of the outsourcing agreement.
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