International Master Purchase Agreement

 International Master Purchase Agreement
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State:
Multi-State
Control #:
US-0004BG
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Description

A master services agreement (MSA) is a contract that spells out most but not all of the terms between the signing parties. Its purpose is to speed up and simplify future contracts. The initial time-consuming negotiation is done once, at the beginning. Future agreements need spell out the differences from the contract and might require only a purchase order. MSAs are common in information technology, union negotiations, government contracts and long-term client/vendor relationships. They can affect a wide area such the country or a state, with subset terms negotiated at the local level.

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