#1
August 13th, 2015, 02:05 PM
| |||
| |||
Difference between MSA and NDA
I want to know in detail about the two agreements MSA (Master Services Agreement) and NDA (Non-Disclosure Agreement). Can you please provide me difference between these two agreements and also tell me where this two MSA and NDA agreement were used? I am MBA final year student and making project report searching for details about MSA and NDA. Will you tell what the difference between MSA and NDA? Non-Disclosure Agreement (NDA) It is a legal document between two or more parties that includes confidential information shared by the company and the client. The primary goal of the agreement is to keep private information secure from shares to the third parties. The Key elements of NDA: One-way/unilateral or both-ways/mutual agreement Definition of what Confidential information is and what is not How to return/destroy Confidential information Duration of NDA (usually 2, 5 or 10 years) MSA (master service agreement) The MSA sets the basic terms that will regulate future agreements between a client and an agency. It includes maximum possible terms and speeds up the agreement process. The Key elements of MSA: Terms of payment (15, 30, 60 days) Ownership of Intellectual Property (client pays for product creation and owns product) Non-solicitation of vendors employees Limitation of Liability Last edited by Neelurk; February 12th, 2020 at 10:04 AM. |
|