An Annual Maintenance Contract (AMC) is a service agreement between a company and a service provider to ensure regular maintenance and repair of equipment, systems, or infrastructure. AMCs are typically offered for a fixed period, covering preventive maintenance, breakdown support, and timely servicing. This contract ensures that the machinery or systems function efficiently, minimizing downtime and extending their lifespan. AMCs are commonly used in industries like IT, manufacturing, and home appliances, providing peace of mind, reducing unexpected repair costs, and improving overall performance and reliability.