Master services agreement
A contract made between two or more parties in which they both agree to most of the terms used to govern any future agreements or future transactions.
A master services agreement is a contract that outlines the general terms and conditions governing future transactions between parties. It facilitates ongoing business relationships by providing a consistent framework for future work orders or contracts, reducing negotiation time and ensuring clarity and consistency.
Used in a sentence
The master services agreement defines the terms and conditions for all future work with the client.
Synonyms/variation
MSA
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