Standard Master Services Agreement Definition
A Standard Master Services Agreement, or SMSA, is a contract between two parties that establishes the terms and conditions of their business relationship. The SMSA defines the scope of work, responsibilities, and expectations of both parties, and sets forth the terms and conditions under which they will work together. It is important to have a clear and well-defined SMSA in place before beginning any business venture together, as it will help to avoid misunderstandings and disagreements down the road.