Table of contents
View the contents of a
Key facts
Get the key facts for a
Frequently Asked Questions
A: If you are a services provider who hopes to work with your clients on a variety of projects, then you should consider building a Master Services Agreement. An MSA can be used to cover a variety of services from Professional to Managed. Once negotiations are finished on the MSA it can be used again and again, and you need only change the Statement of Work for each new project. A well-drafted MSA can speed up your negotiations and be used in all your business relationships.
A: The Master Services Agreement is drafted for the modern world. It is flexible and will allow any Statement of Work to take precedence over itself. How long it lasts depends on the needs of the parties. Should you be providing on-going services, the MSA will auto-renew annually. Should you only require it for a short project, then it will end when fees are paid and both parties are satisfied.
A: The MSA takes a while to draft and provides all the legal details related to liability, termination, risk management and obligations. Statements of Work are quick to negotiate and contain the commercial details of a project (fees, details of the project, timeline). A good, flexible MSA should have a clause stating that if a conflict arises between the documents the SOW will take precedence. this can save hours of having to redraft a 50-page MSA.
Used by
Contact us
Other documents we can help you with...
