Master Services Agreement (w/ SOW)

Agreement between two parties, typically a business and a service provider/ supplier, that outlines the terms and conditions of their ongoing, long-term relationship. The purpose of an MSA is to establish a framework for future transactions, projects, or services, rather than negotiating each new transaction separately. Statement of Work (SOW) outlines the terms of a specific project. MSA document accompanied by an SOW. Includes payment terms, delivery requirements, intellectual property rights, warranties, dispute resolutions, confidentiality and work standards. Reduces time and simplifies the negotiation of future contracts between the same parties. SOW defines specific work to be performed by the supplier. Outlines project goals, scope, timelines, deliverables, payment terms, and more. Agreement to be used between a vendor and its client. MSA establishes terms and conditions of ongoing relationship between the parties. Simplifies future transactions, services, and projects with ven