Annual Maintenance Contract(AMC)
Annual Maintenance Contract(AMC)
An annual maintenance contract (AMC) is an agreement with a service provider for repair and maintenance of property used by your company. The service can be of any property owned by your company from the large manufacturing machines creating your products down to the computers and printers used in your offices.
- The name and address of the involved parties, usually a business and the company providing the service
- Price of the contract
- Annual maintenance contract terms and conditions
- Penalties for breaking contract or contract termination
- Expectations for how frequently your techs will need to service products
- Definition of whether the deal is a comprehensive maintenance contract (CMC) or otherwise
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