-As the Organization Administrator, after you grant access to applications in Anypoint Exchange (Exchange), a contract is automatically created between the API instance and the application. The contract gives access to the application based on SLA tiers that you might specify. Only one contract can exist per API instance and application at any time. There are three different contract types: *API*, *Group*, and *Managed Service API*. Managed service APIs are APIs managed by DataGraph or Composer.
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