I love master service agreements (MSAs) as a tool for service-based business owners! Many types of businesses use them. But service business owners can benefit from them, because it gives them the ability to easily incorporate future projects with ongoing clients into the same contract.

In this episode, I talk about how you can save time, money, and stress with a master service agreement. I also go over the key pieces of a master service agreement and how it’s different from a client agreement, managing your MSA, and the benefits of converting your current client agreement into an MSA.

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In this episode:

[02:26] - Master service agreements for service-based entrepreneurs have a couple of key pieces.

[03:34] - Danielle gives a hypothetical example of what an MSA with statements of work (SOWs) can look like.

[04:45] - How is an MSA with SOWs different from the terms in a typical client agreement?

[05:32] - If you work with larger companies, MSAs are almost always preferred and make the process so much easier.

[06:41] - Danielle explains how to construct an MSA if you need different terms for different project types.

[08:09] - What if you want to convert your current client agreement to a master service agreement?

[08:56] - Danielle discusses how to logistically manage your master service agreement.

[09:58] - How can an MSA save you (and your client) time?

[10:47] - Danielle reveals how a master service agreement can save you money.

[12:03] - When you have ongoing clients, MSAs save you a lot of stress.

[12:37] - Follow these steps to start saving yourself time, money, and stress today.

 

Links & Resources:

Episode 18: “Client Agreements for Service Business Owners”

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