It serves as a blueprint for service provision and a benchmark against which service performance is measured. By setting out specific, measurable, achievable, relevant, and time-bound (SMART) criteria, an SLA provides a transparent basis for understanding the service provision and the recourse available should the agreed standards not be met. This document is crucial for maintaining a positive, productive service relationship and for providing a legal framework to resolve any disputes that may arise from the service engagement. It is a key component in managing service delivery and ensuring customer satisfaction.