Master Service Agreement and Statement of Work
- Pages 8
- Format Microsoft Word
Master Service Agreement Template
What does this agreement do?
A Master Service Agreement is generally a long-term agreement which permits the you to provide services and deliverables which are defined in detail in a Statement of Work and to quickly negotiate future transactions under the terms of this master agreement.
Why do I need this?
Our Master Service Agreement specifies provision of the deliverables, invoicing and payment terms, product warranties, intellectual property ownership, termination, liability restraint of trade, confidentiality and publicity and dispute resolution. Each project is then negotiated in a Statement of Work, which specifies the services to be provided, the price, who will provide the services, who owns the intellectual property and the project schedule.
What’s the main benefit?
A Master Service Agreement is more efficient and cost effective as the same main terms need not be repetitively negotiated, only the project specific terms.
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