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A Master Service Agreement is a legal agreement in which two parties, a client or a customer and a service provider, agree to the terms and conditions and the MSA governs all the future transactions entered between them. MSA’s are useful in sectors that involve a large number of transactions between the provider of service as well as a customer and may include a separate statement of work for each.
What is a Master Service Agreement??
A master Service Agreement is an agreement or contract between two or more entities to agree on the terms for future agreements. By entering into a master services agreement, the parties would agree on major terms..
How is an MSA different from a contract??
The MSA would be the same as a contract. However, there are particular stipulations that do not allow future litigations to occur through the MSA..
What is the main purpose of a Master Service Agreement??
The main purpose of an MSA is to ensure that the terms of the contract have been agreed on by the parties. It basically avoids any form of misunderstandings..
Master Service Agreement (Msa)Master Service Agreement (MSA)
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