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Professional, Scientific, and Technical Services · NAICS 54 · Master Service Agreement
A Master Service Agreement (MSA) is the foundation for a long-term relationship between a professional services firm and its clients. For businesses in Professional, Scientific, and Technical Services (NAICS 54), an MSA streamlines contracting by setting standard terms for intellectual property, confidentiality, payment, and liability once, so each new project can begin with a simple Statement of Work. This tool helps you create a comprehensive MSA tailored to your consulting, research, or technical services practice, protecting your firm while building client trust.
An MSA sets the master terms that govern all projects between you and a client, such as payment, IP, and liability. A SOW is a specific project document that defines the scope, deliverables, timeline, and fees for one engagement. The MSA is signed once; SOWs are signed for each new project.
An MSA allows you to clearly define ownership of pre-existing materials and work product. You can specify that your pre-existing IP remains yours, while the client receives a license to the deliverables. This prevents unintended transfer of your proprietary tools and methodologies.
Yes, an MSA typically includes a limitation of liability clause that caps your total liability to the fees paid by the client. It also excludes consequential damages. However, you cannot limit liability for gross negligence, willful misconduct, or intellectual property infringement, so be sure to maintain professional liability insurance.
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