Master Service Agreement (MSA)
Drafting a Master Service Agreement (MSA) can be complex, but it's an essential document for laying the groundwork for ongoing business relationships between a service provider and multiple clients
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What is a Master Service Agreement?
Master Service Agreement or MSA is a contract between two or more parties (service provider and client), in which the parties agree to the terms that will govern future agreements and future transactions. It helps the parties to make future agreements and transactions more quickly because they can rely on the strong foundation of the master agreement.
Process of Drafting an MSA
Step 1: Share your requirements
Share your requirements and the list of documents mentioned below.
Step 2: Discussion with the professionals
You can discuss your requirements and doubts with our professionals and clear your doubts.
Step 3: Drafting and sharing of the first draft
Step 4: Review and feedback
You need to review the draft and share your feedback if any.
Step 5: Iterations and final documents
Step 6: Sharing deliverables
Documents and Information Required for Drafting of Master Service Agreement
- Required information
- Documents required if any.
Key Deliverables
- First Draft (Soft Copy)
- Final Draft (Soft Copy)
Why choose Wazzeer?
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One platform for all your requirements
Incorporation is just the first step. Wazzeer supports you throughout your journey as an entrepreneur. Log in to get things done efficiently. A dedicated Account Manager offers the required human touch and acts as an advisor to you.
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Experienced professionals
Our professionals have at least 5 years of experience and have incorporated thousands of companies among them. The rich experience ensures that the process is smooth and right in the first go.
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Defined process
Over the last few years, doing over 500 incorporations, we have defined every step of the process. A virtual process is in place enabling us to deliver hassle free experience for you.
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Cost Effective
You pay what you see in the proposal. No surprises or hidden charges.
Frequently Asked Questions
What are elements of master service agreement?
A Master Service Agreement contains elements like product warranties, dispute resolution system, the liability of parties, payment terms, and intellectual property.
Who provides the Master Service Agreement?
In India, the Master Service Agreement (MSA) is typically provided by the party that is contracting for services to be performed by another party. This is usually the client or customer who is engaging the services of a vendor or service provider. However, in some cases, the service provider may also provide the MSA for review and negotiation by the client or customer. Ultimately, it is important for both parties to carefully review and negotiate the terms of the MSA to ensure that their respective interests are protected.
What is the purpose of a service agreement?
Service agreements are contracts between 2 parties, it lays foundation of the manner in which services would be provided so that there’s no confusion. This would not only avoid any confusion but also lead to smooth flow of business.
How does Master Service Agreement help?
- Manages Risks.
- Defined Legal Terms and Conditions.
- Can Cover Multiple Projects.
- Clears Future Contract Negotiations.
Do master service agreements expire?
Not really, as once the MSA is signed agreeing to all the terms and condition, then there’s no need of renewing or renegotiate. With the legal terms established, the parties can quickly negotiate individual SOWs that focus on project-specific services and payment terms.