What is a Master Service Agreement?
A Master Service Agreement is a contractual agreement in which two parties, a client and a service provider, agree to the terms and conditions that are to govern all long-term. transactions between them. Contracts such as these are useful in sectors that involve a large number of transactions between the provider of service as well as a customer and may include a separate statement of work for each.
Advantages of a Master Service Agreement
Covers The Entire Relationship
The Master Service Agreement covers the entire relationship between service provider and customer, covering all aspects of the contract that are likely to arise. Such an agreement is beneficial to have in place before starting a long-term relationship.
Saves Time
It provides a framework to quickly negotiate agreements. Therefore, the same terms need not be repetitively negotiated for deals that are very similar to each other.
Master Service Agreement Procedure
Requirements
Once you send in a request, our representative will get in touch with you to understand your requirements. If further details are required, we will contact you for the same. Once these are in, we will work on the request and send it to you for review within 3 to 4 working days.
Changes in Agreement
In case you would like to make any changes to the agreement, our lawyers will work on them. Two rounds of iterations are included in the original price.
Documents required to register a Master Service Agreement.
- Government ID proof with photo.
- Incorporation certificate.
- Address proof.
- The financial statement of both companies for the past financial year.
