What is a Master Services Agreement (MSA) in Arise?
Keywords: master, service, agreement, MSA
Faith
Last Update 2 years ago
MASTER SERVICES AGREEMENT
The Master Services Agreement is the primary legal contract that contains the general terms and conditions governing the business relationship between Arise and your business.
Having the general legal terms and conditions in this master agreement allows your business to quickly pursue business opportunities using the Arise Platform by entering into Statements of Work for different client programs without the need to repeat the governing terms and conditions.
The provisions in the MSA outline, among other things, the relationship between Arise and your business, the protection and ownership of each party’s intellectual property and requirements for protecting confidential information belonging to clients and their customers.
The MSA also provides the terms that will govern in the event of any legal conflicts between Arise, clients and your business. These terms state that legal conflicts will be resolved through arbitration instead of through a court of law.
In addition, the MSA contains provisions pursuant to which you and your business waive the right to participate in a class action lawsuit against Arise or any clients.
The Master Services Agreement does not expire unless it is terminated by either Arise or your business.
The Master Services Agreement can be terminated by either you or Arise if either party:
1. Breaches of the terms of the Master Services Agreement
2. Engages in unprofessional business practices; or
3. Becomes subject to bankruptcy, insolvency, reorganization or a liquidation proceeding; makes an assignment for the benefit of creditors; or admits in writing its inability to pay its debts when due.
The Master Services Agreement may also be terminated by either party if there are no active Statements of Work.
