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Master Service Agreement


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Master Service Agreement

  FORMAT

This Master Service Agreement (here in after termed as “Agreement”) is made and entered into on [day] day of [month] of [year]  (here in after termed as “Said Day”) by and between [name] with its principal place of business located at [address] (hereinafter referred as “Party A”) and [name] with [his/her/business] located at [address] (herein after referred as “Party B”).

 WHEREAS, the Party A is undergoing business of [description of business];

WHEREAS, the Service provider has decided to undergo the business of [business made between parties] for [time period of business relationship intended to be kept] with Part B from [date];

WHEREAS, the parties have agreed to use this agreement as a guidance for every future transaction and dealings.

NOW, THEREFORE, the Parties hereby agree as follows:

  1. This agreement will act as a base agreement under which the parties will enter into multiple other agreements for future transaction.
  2. The agreement has to commence from [commencement period], and shall terminate by [termination period]
  3. The Party A must provide invoice of purchase on ____ day of every month.
  4. Party B is obliged to make payment as prescribed on ___ day after the delivery of goods/services through [mode of payment]
  5. The law which governs the agreement will be [state the law that governs].
  6. The work shall be conducted at [location of work]
  7.  The ownership of [material] shall vest with [Party name] and the [state the intellectual property right] shall be [mode of sharing and other terms]
  8. When dispute arises the parties shall use arbitration as a mode to redressal.
  9. Return of any invoice will not qualify the party to move for an arbitration.
  10.  [confidentiality clause]
  11. [other terms and conditions]

Signed for and on behalf of                                  Signed for and on behalf of

[insert name of Party A]                           [insert name of Party B]

By:                                                   By:

Name:                                           Name:

Title:                                                              Title:

 

eStartIndia


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When business dealing between two parties lasts for the long term they opt to have a Master Service Agreement or MSA. This agreement shall govern all the future transactions and dealings between the parties involved. The objective of such agreements is to process future contracts much faster.

eStartIndia is an online legal service platform where a team of expert legal professionals from India, offering a variety of legal services relating to master service agreement, commercial rental agreements, consultancy agreements,  legal notices, negotiable instruments, company registrations, intellectual property, tax services, personal and property services.

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ADVANTAGES OF MASTER SERVICE AGREEMENT

  • LEGAL BINDING: The parties are legally bound to follow the requirements laid in the MSA in all their future dealings.

  • FASTER PROCESSING OF CONTRACTS: As the basic framework involved in a contract is already set through an MSA.

  • AVOIDS CONFUSION: The agreement clearly describes terms in which future contracts should be made.

  • EVIDENCE: The agreement made is evidence to prove the level of service guaranteed.

Click here to know more about the "Service Level Agreement".

CONTENTS 

  • Name and details of parties.

  • Terms of maintaining confidentiality.

  • The scope of Work(Delivery of service/goods).

  • Dispute resolution mechanism.

  • Location of work.

  • How to handle ownership of materials and intellectual property rights sharing.

  • Indemnity.

  • Consideration.

  • Representations and Warranties.

  • Standard of work guaranteed.

  • Signature of parties.

Package

Basic

4999 /-

    Package Includes:

    • Drafting Master Service Agreement by Experienced Lawyers
    •  30-minute Intro Call by Lawyer+ Start to Finish Help + Drafting a Master Service Agreement

(Professional Fees)



FAQs

What is the purpose of MSA?

The MSA is a base agreement through which every future contract between the parties will be guided.

What are the information included in a MSA?

The following information has to be included in an MSA:

  • Name and details of parties
  • Terms of maintaining confidentiality
  • The scope of Work(Delivery of service/goods)
  • Dispute resolution mechanism
  • Location of work
  • How to handle ownership of materials and intellectual property rights sharing
  • Indemnity
  • Consideration
  • Representations and Warranties
  • Standard of work guaranteed
  • Signature of parties
Why is MSA important ?

It is important as it gives clarity to the parties and ensures quick processing of all future transaction between the parties as they deal with each other for the long term.



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