FORMAT
This Master Service Agreement (here in after termed as “Agreement”) is made and entered into on [day] day of [month] of [year] (here in after termed as “Said Day”) by and between [name] with its principal place of business located at [address] (hereinafter referred as “Party A”) and [name] with [his/her/business] located at [address] (herein after referred as “Party B”).
WHEREAS, the Party A is undergoing business of [description of business];
WHEREAS, the Service provider has decided to undergo the business of [business made between parties] for [time period of business relationship intended to be kept] with Part B from [date];
WHEREAS, the parties have agreed to use this agreement as a guidance for every future transaction and dealings.
NOW, THEREFORE, the Parties hereby agree as follows:
- This agreement will act as a base agreement under which the parties will enter into multiple other agreements for future transaction.
- The agreement has to commence from [commencement period], and shall terminate by [termination period]
- The Party A must provide invoice of purchase on ____ day of every month.
- Party B is obliged to make payment as prescribed on ___ day after the delivery of goods/services through [mode of payment]
- The law which governs the agreement will be [state the law that governs].
- The work shall be conducted at [location of work]
- The ownership of [material] shall vest with [Party name] and the [state the intellectual property right] shall be [mode of sharing and other terms]
- When dispute arises the parties shall use arbitration as a mode to redressal.
- Return of any invoice will not qualify the party to move for an arbitration.
- [confidentiality clause]
- [other terms and conditions]
Signed for and on behalf of Signed for and on behalf of
[insert name of Party A] [insert name of Party B]
By: By:
Name: Name:
Title: Title:
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