Master Service Agreement
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Master Service Agreement
A master service agreement is an agreement which specifies performance objectives and outlines the responsibilities of both parties. It is a contractual document that lists the current and prospective services to which the agreement applies. It is a contract in which the parties agree to most of the terms that will govern future transactions or future agreements. It provides accountable framework for the services to the parties.
Advantages of Master Service Agreement:
Simplifies the criteria: The criteria are simplified through a master service agreement, as it describes the issues before hand they are likely to be occurring.
Well defined method: It affiliates programs which are often used to define how two entities should function collectively. Thus, it is a well-defined method of doing a particular service.
Procedure:
A well efficient lawyer from our team shall contact you, and explain you the total process, and will understand the need of draftingMaster Service Agreement.
- Once the objectives of the Master Service Agreementare defined, the lawyer shall draft a Master Service Agreement
- The draft of Master Service Agreement shall be sent to you, for your review.
- Once you approve it, it shall be served to the other party.
- The whole process takes around 3-4 working days.