1. A computer readable medium that comprises a computer storage medium, storing tangible computer readable instructions for providing automated communication, isolation, versioning, and late binding between computing entities, comprising: an instruction configured to initialize: a first component; a second component; a first adapter; a second adapter; and a contract configured to allow communications between the first and the second components, wherein the first adapter is coupled to the first component and the contract, and wherein the second adapter is coupled to the second component and the contract, wherein the contract provides a communication layer between the first component and the second component via the first adapter and the second adapter, respectively; an instruction configured to execute a .NET managed automation framework, wherein the managed automation framework incorporates the first adapter, the second adapter, and the contact; an instruction configured to provide isolation between the first component and the second component by making selected information invisible from the first component to the second component and vice versa, by exposing mainly protocols and selected types; wherein said isolation is at least in part provided by a remoting boundary, wherein the remoting boundary is an equivalent of a miniprocess within a process or a separate process; wherein furthermore the remoting boundary prevents reflection across the remote boundary and instead substitutes remote reflection via local reflection by using a group of contracts that emulate the functionality of the remote reflection; an instruction configured to provide the interoperability of different versions of the first component with different versions of the second components via the contract that remains constant between different versions of components; an instruction configured to provide dynamic binding between the first component and the second component at runtime across said remoting boundary by using the .NET framework to allocate memory for storage of data and instructions, granting and denying permissions to the first and second components, managing the execution of the first and second components, and reallocating memory for resources that are not needed by the first and second components.