Master Service Agreement
Master Service Agreement
For a business to function properly, the relationship between the parties needs to be prolific and continue for a longer time while the initial terms and clauses mentioned in the contract remain the same. So, with the help of the master service agreement, we can have the initial terms included in a future contract, simplifying the process of drafting a contract.
An MSA or master service agreement needs to include some of the terms listed below:
- Product Delivery
- Confidentiality
- Dispute Resolution
- Geography
- Intellectual Property Rights
- Limitations of Liability
- Payment Terms
- Venue
- Warranty
- Work Standards