How engagements are structured
The MSA establishes the general legal and operational framework for working together, while each SOW defines the specific details of an engagement.
Master Services Agreement (MSA) — covers
- ·General terms and conditions
- ·Confidentiality and data handling
- ·Intellectual property framework
- ·Payment terms and billing structure
- ·Liability and risk allocation
Statement of Work (SOW) — defines
- ·Project scope and deliverables
- ·Timeline and milestones
- ·Roles and responsibilities
- ·Pricing and payment schedule
- ·Acceptance criteria
This structure allows projects to move quickly without renegotiating core terms for each engagement.