Deconstructing Master Service Agreements
1h
Created on October 22, 2020
Intermediate
$89
Overview
Master Service Agreements ("MSA") are contracts that control the general terms of the legal relationship in the business to business context. Typically, businesses with multi-year relationships attach Statements of Work ("SOW") to an MSA to outline the individual terms of a business deal. The MSA contains provisions that are often seen but the implications of each obligation in a long-term relationship may not be well understood. It's best to review these obligations -- confidentiality, intellectual property rights, non-compete, and non-solicit clauses, deliverables, warranties, support, indemnification, limitation of liability, insurance, privacy obligations, and termination rights -- before negotiations start.
Learning Objectives:
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Gain a general understanding of each of the common legal obligations
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Evaluate the common legal obligations from the seller's viewpoint
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Analyze the common legal obligations from the buyer's viewpoint
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Review clauses with a middle-ground position
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