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US cyber law attorneyA master services agreement is necessary when two or more organizations enter into an on-going business relationship. A master services agreement can generally define the conditions of the working relationship, and save all parties involved time down the line. While a master services agreement is designed to save you time, and avoid the need for further negotiations, failure to properly craft an agreement could be detrimental to the success of your company. If you are looking to draft or negotiate a master services agreement, seek out competent legal assistance.

The Importance of a Master Services Agreement

In the world of online business, a master services agreement will essentially outline the parameters of a collaborative business relationship. A properly crafted master services agreement will address key components of any business relationship, ranging from terms of payment to confidentiality agreements. Additional components likely to be discussed in the agreement include product warranties, work standards, and delivery requirements. Recognizing the importance of these issues (for instance violation of a confidentiality agreement can be detrimental to an up and coming business’s success), violation of a master services agreement can lead to a long legal battle.

If a legal battle ultimately arises, the dispute resolution method should already be established within the master services agreement. If you are an inexperienced company dealing with a more seasoned party, it is not uncommon to be taken advantage of in negotiations over a master services agreement. If an attorney is not utilized in drafting the agreement, it may be difficult to win any meaningful legal battles down the road. For digital product companies dealing with other parties, the importance of an attorney’s assistant during these negotiations cannot be understated.

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