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A managed service provider should follow Good Industry Practice (GIP) standards. The GIP standards establish the standards for a skilled, experienced provider of business-critical managed services. They consider factors such as the size of the parties, term of the contract, and pricing structure. Additionally, they take into account the goods and software that are provided as part of the Services. IT is a key part of any business' success, and a company's success depends on its ability to effectively use its IT. Unfortunately, man... more