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A Service Level Agreement (SLA) is a written contract that specifies the minimum level of service a provider must deliver. It includes mechanisms to measure performance, often referred to as SLAs or Key Performance Indicators (KPIs). While SLAs outline required service levels and provide actions to take if those levels are not met, including possible monetary compensation for the client, KPIs focus on measuring performance against specific targets. Regular monitoring of SLAs ensures that service delivery aligns with agreed standards and allows for corrective actions when necessary. For more information on KPIs, a separate tutorial is available on the channel.