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A Master Servicers Agreement (MSA) is contract between two parties with an ongoing project or business relationship that offers a flexible system for completing a project over time when there will be decisions to be made along the way.
A master service agreement, sometimes known as a framework agreement, is a contract reached between parties, in which the parties agree to most of the terms that will govern future transactions or future agreements.
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.
A Master Services Agreement (MSA) is a contract that details the responsibilities and obligations of two parties to each other. This comprehensive contract generally includes detailed rates, services, and terms for each functional area of the partnership.