Master Service Agreement
A contractual agreement in which two parties, a client and a service provider, agree to terms and conditions to govern all long-term transactions between them.
To avail our services, we charge 499/- as an advance or security payment.
Overview on MASTER SERVICE AGREEMENT
A contract between two parties, a customer and a service provider that specifies the terms and conditions that will apply to all long-term transactions between them is known as Master Service Agreement. Contracts like these are important in industries where there are a lot of transactions between the service provider and the consumer, and each one may have its own statement of work.
Advantages of a Master Service Agreement
Covers The Entire Relationship: The Master Service Agreement covers the entire relationship between service provider and customer, covering all aspects of the contract that are likely to arise. Such an agreement is beneficial to have in place before starting a long-term relationship.
Saves Time: It provides a framework to quickly negotiate agreements. Therefore, the same terms need not be repetitively negotiated for deals that are very similar to each other.
Checklist of a Master Service Agreement
- In light of challenges that parties may face, the contract’s provisions must be futuristic.
- The first-party company’s functions and responsibilities
- The second-party company’s functions and responsibilities.
DOCUMENTS REQUIRED FOR THE REGISTRATION OF A MASTER SERVICE AGREEMENT:
- Legal ID proof with photo.
- Address proof.
- Incorporation certificate.
- Both companies’ financial statements for the previous fiscal year.
Process for registering a Master Service Agreement
Note: Make a partial payment (Rs.499), After completing the process, you have to make the whole payment of the amount.
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FAQs on Online Company Registration
No, new company registration is a fully online procedure. As all files are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.