A master purchase agreement is a legally binding contract between buyer and seller, and typically relates to buying and selling goods rather than services. Get up and running quickly with a master service agreement template Georgia.This downloadable template will get you selling in no time. (Nuance) and you (Company). A master services agreement outlines the legally binding terms that parties must follow for ongoing and future tasks, obligations, and responsibilities. Mere non-action is not performance, either partial or complete, and will not, therefore, take parol contract out of statute of frauds. The master services agreement should state the party that will assume the risk. Service. 4475 Union Road. Tiffton.