Document background
The Master Relationship Agreement serves as the cornerstone document for establishing long-term business relationships in the Australian market. It is particularly useful when parties anticipate multiple transactions or service arrangements over time and need a consistent framework to govern their interactions. This agreement type incorporates key requirements under Australian law, including consumer protection provisions, privacy obligations, and corporate governance requirements. The document typically includes comprehensive terms covering relationship governance, risk allocation, compliance obligations, and operational procedures, while maintaining flexibility for specific arrangements to be documented in subsequent agreements. It is commonly used in complex commercial relationships where parties need to balance certainty of core terms with adaptability for future business needs.
