Master Services Agreement

Medicare MSA Plans combine a high-deductible insurance plan with a medical savings account that you can use to pay for your health care costs.The Medicare MSA Plan deposits money into your account. You can use money from this savings account to pay your health care costs before you meet the deductible.

A description of the parties involved in the agreement. A description of the services to be performed. A description of fees and payment schedules. The effective date of the contract, when work will begin, and the terms under which it can be terminated. Include a place for signatures.

Essential Elements of a Master Service Agreement Following the MSA, there are usually a series of Statements of Work or SOWs that outline the actual details of each phase of the project. The MSA will define the scope of the work, payment terms, change orders, dispute resolution, and termination.

A master agreement delineates a schedule of lower-level service agreements, permitting the parties to quickly enact future transactions or agreements, negotiating only the points specific to the new transactions and relying on the provisions in the master agreement for common terms.

The purpose of an MSA is to set the bounds of the contractual relationship, establish a system for accomplishing the work that needs to be done, and to provide an efficient way to keep the work on track and resolve any disputes which may arise during the course of the project.

THIS AGREEMENT CONSTITUTES A BINDING CONTRACT ON YOU AND GOVERNS THE USE OF AND ACCESS TO THE SERVICES BY YOU, AGENTS AND END-USERS WHETHER IN CONNECTION WITH A PAID OR FREE TRIAL SUBSCRIPTION TO THE SERVICES.

SOWs and MSAs. A Statement of Work (SOW) is usually a document that accompanies yet another document, often referred to as a Master Services Agreement (MSA).The MSA is usually the governing document for the entire relationship, while the SOW usually deals with the specifics of a single project or scope of work.

The major headings usually include the payment terms, intellectual property ownership, allocation of risk (including reps and warranties, indemnification, limitation of liability, and disclaimer of warranty), confidential information, non-solicitation, and then general contract boilerplate.