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A Service Level Agreement (SLA) outlines the minimum service requirements from a provider within a contract. It includes specific performance measures, often referred to as SLAs or Key Performance Indicators (KPIs). While SLAs define the expected service levels and outline actions for underperformance—typically involving financial compensation for the client—KPIs monitor the provider's performance against set targets. SLAs are regularly reviewed to track compliance and implement corrective measures when necessary. For more information on KPIs, refer to our separate video on the topic.