Legal Msa Definition

An MSA is a written agreement between two or more parties that establishes the terms and conditions under which they will do business. The MSA defines the products or services to be provided, the price, and other important terms and conditions. It also sets forth each party’s rights and obligations. An MSA can be used in a variety of situations, such as when two companies are entering into a joint venture, when one company is outsourcing work to another, or when two companies are entering into a strategic alliance.