Offshore Contract Basics
A typical outsourcing contract includes two major components: a master service agreement (MSA), which acts as an umbrella document covering terms and conditions of the engagement, and a series of documents, such as a statement of work, work orders, and purchase orders, that lay out specifics.
An MSA is typically negotiated once and remains in effect throughout the life of the engagement. Statements of work, work orders, and purchase orders are commonly created for each task that falls under the umbrella of the MSA.
A typical MSA consists of “vanilla” elements or articles (basic elements common to any outsourcing engagement) and custom elements that vary with the specific engagement. The main articles in the vanilla ...
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