Master Service Agreement is most commonly used in IT and ITES companies
One of the most commonly used contract used in open ended relation / situation where one company where one company has to work with another company on a project is Service Agreement
MSA is a typical Agreement which provides frame work for the future agreements between parties or other detailing like Scope, liabilities, responsibilities, etc. Once MSA is in place , the parties negotiate and agree on only those terms which are specific to the deal / project rest all are agreed in MSA.
MSA is important as it provides:
It is always said that you should never use the Master Service Agreement draft available on Internet or use another MSA. As the Master Service Agreement consist of specific relationships between the parties. It has to be suitable for your own situation and requirement.
MSA may not able to provide solution or resolution to any scenario but always provide a directive guidance as how to handle a specific scenario if arises. A well drafted Master Service Agreement always avoid the limitations.
We have experience in drafting a master Service agreement taking care of all your business needs and protecting your interest in the business.
We also can provide vetting of Master Service Agreement received from your clients and negotiate to modify or delete for clauses which are restrictive in nature.
We completely take responsibility of Master Service Agreement either drafting a new one or negotiating the Terms our role is to see that what is required for your business is included in the signed NDA