This resource provides a general overview of Master Services Agreements. MSAs are contracts between parties that are entered into in advance of the companies doing business together. Although they come in many different forms, they include the agreed upon terms that will govern the future transaction. MSAs often cover a wide range of services that a company can provide and do not obligate the parties to do anything until services are requested that are covered by the agreement. They also remain in place after the services are provided and stands ready to govern the terms of the companies’ next transaction if and when the need arises.