Master Services Agreements Definition
A Master Services Agreement, or MSA, is a contract between two parties that outlines the terms and conditions of their business relationship. It can be used to establish an ongoing business relationship or to govern a one-time project.
An MSA defines the scope of work, responsibilities, compensation, and other terms of the agreement. It also sets forth any procedures for handling disputes that may arise during the course of the agreement. Having an MSA in place can save time and money by avoiding the need to renegotiate the terms of your relationship every time you work together.
If you are considering entering into an MSA with another party, it is important to consult with an experienced attorney to ensure that the agreement meets your specific needs and protects your interests.
