Effectively navigating Master Service Agreements can be the key to a successful business deal and foster successful long-term partnerships. Join us with Molly Pela for a comprehensive rundown of what you need to know to master MSAs.

Time Stamps

• 00:30 - Episode & Guest Intro
• 02:59 - Understanding MSAs
• 06:29 - Advantages of Doing MSAs
• 09:50 - When Not to Do MSAs
• 11:12 - Disadvantages & Potential Pitfalls
• 12:47 - The Role of MSAs in Land Services
• 13:05 - One-sided Dynamics of MSAs with Larger Companies
• 18:55 - MSA Checklist for Drafting/Reviewing
• 19:20 - Term
• 21:24 - Scope of Work
• 25:00 - Performance Metrics
• 29:32 - Payment & Billing
• 32:42 - Warranties
• 35:33 - Understanding Warranties in Business
• 36:03 - Change Orders
• 39:43 - Understanding Force Majeure
• 39:43 - Force Majeure
• 41:08 - Termination
• 42:43 - Liability and Indemnification
• 46:08 - Lien Language
• 47:47 - Confidentiality
• 48:23 - The Importance of Non-Compete Clauses
• 51:24 - Dispute Resolution
• 56:30 - The Importance of Non-Solicitation Clauses
• 58:17 - Schedule of Attachments
• 58:26 - Insurance
• 59:37 - Work Orders
• 01:03:19 - Conclusion & Takeaways

Snippets From the Episode

• "An MSA provides a framework or a backdrop for two businesses to do business and have many deals kind of on a rolling basis. So it's setting a baseline." - Molly Pela
• "An MSA allows work to flow much faster. I don't need to tell you guys, time is money, particularly in the oil patch. So it allows for that efficiency and allows a little real world acknowledgement that things move quickly." - Molly Pela
• "An MSA defines the rules of the game, just simply, right? This is how we're going to play. This is what I expect of you and what you should expect of us." - Brent Broussard
• "Everybody needs to play by the same rules because then we know how to move forward and what's gonna happen." - Molly Pela
• "I'm a firm believer that your contract, you should mean what you say, say what you mean." - Molly Pela

Resources

• Navigating the Master Services Agreement
• Need Help With A Project? Meet With Dudley
• Watch On Youtube
• Follow Dudley Land Co. On LinkedIn
• Have Questions? Email us

More from Molly Pela

• Connect with Molly on LinkedIn
• Oliva Gibbs LLP website

More from Our Hosts

• Connect with Brent on LinkedIn
• Connect with Khalil on LinkedIn