Three Reasons Your Business Needs a Master Services Agreement

Are you tired of jumping through legal approval hoops every time you start a new project with an existing client? Then your business probably needs a master services agreement (MSA).  A master services agreement is a contract that spells out the general terms and conditions that will govern the relationship between two parties (supplier and buyer). Then, for each new project, the parties need only sign off on a statement of work (SOW), which defines the specific work to be done, the price to be paid, and the timeline of the project.  The Benefits of Having a Master Services Agreement There are three main benefits of setting up a master services agreement, rather than creating a new contract for every project: 1. An MSA gives you a speed advantage. All the legal terms and conditions of the contract are negotiated and approved by both parties’ attorneys once, so there is no need to revisit the “legalese” over and over again every time you add a…

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