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Contracts

What Is an MSA?

A framework contract that sets the main legal terms between two parties, so later work can be agreed in shorter statements of work or orders.

Legal Tech GlossaryBy The Circle Desk

Why It Matters

Tracking which MSA governs which order or SOW is a common contract management headache. Good repositories link the documents so a reviewer can see the governing terms in one place.

CLM Systems & Workflows Companies

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Related Terms

SOW (statement of work)
A document describing specific services, deliverables, timelines and fees under a master agreement.
Contract repository
A central, searchable store of an organization's signed contracts and their key data, such as parties, dates, values and renewal terms.

General information, not legal advice. Part of the Legal Tech Glossary, 173 terms in plain English.