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Master Service Agreement And Statement Of Work
"I need a Master Service Agreement and Statement of Work for providing IT consulting services to a large financial institution in London, with specific provisions for data security and regulatory compliance, and the ability to add multiple SOWs for different projects throughout 2025."
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Services: Description of services to be provided under the MSA framework
5. Term and Termination: Duration of the agreement and circumstances for termination
6. Charges and Payment: Pricing structure, payment terms, invoicing requirements and procedures
7. Intellectual Property Rights: Ownership and licensing of pre-existing and newly created IP
8. Confidentiality: Protection and handling of confidential information
9. Data Protection: Compliance with GDPR and data protection laws
10. Liability and Indemnification: Risk allocation, liability caps, and indemnification obligations
1. Change Control: Process for managing changes to services or agreement terms
2. Force Majeure: Provisions for handling unforeseeable circumstances preventing performance
3. TUPE: Provisions relating to transfer of employees
4. Business Continuity: Disaster recovery and service continuation requirements
5. Compliance with Laws: Specific regulatory compliance obligations
6. Insurance: Required insurance coverage and limits
1. Schedule 1 - Statement of Work Template: Template for detailed description of specific services, deliverables, and timelines
2. Schedule 2 - Service Levels: Detailed performance metrics, service standards and remedies
3. Schedule 3 - Rate Card: Detailed pricing, rates and charging structure
4. Schedule 4 - Data Processing Agreement: Detailed data protection obligations and procedures
5. Schedule 5 - Change Control Procedure: Detailed process for requesting and implementing changes
6. Schedule 6 - Key Personnel: Details of key staff members and their roles
7. Schedule 7 - Exit Management: Procedures and obligations for service transition upon termination
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Master Service Agreement And Statement Of Work
A legal framework under English and Welsh law that combines overarching terms (MSA) with project-specific details (SOW) for service delivery arrangements.
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