A Management Service Agreement is a contract between two parties that outlines the terms and conditions of services related to management. It can be used for both professional and personal purposes, such as when an individual hires someone to manage their business, or a company hires an external firm to provide management support. This agreement ensures that each party clearly understands their obligations, roles and responsibilities, helping to ensure successful completion of the project. By signing a Management Service Agreement, all parties involved agree to fulfill the expectations outlined in the contract, as well as any additional agreements agreed upon. Put simply, it offers peace of mind knowing that everyone is on same page about what needs to get done and who is responsible for doing it.