Document background
This Master Agreement template is designed for use in establishing long-term commercial relationships between parties operating under Hong Kong law. It serves as the primary agreement that sets out the fundamental terms and conditions governing all subsequent transactions or services between the parties. The document is particularly valuable for businesses engaging in recurring transactions or ongoing services, as it eliminates the need to negotiate basic terms for each individual transaction. It incorporates key provisions required under Hong Kong legislation, including the Contract (Rights of Third Parties) Ordinance and Electronic Transactions Ordinance, while providing flexibility to adapt to specific business needs through schedules and appendices. The Master Agreement structure is especially suitable for complex commercial relationships where parties need a clear framework for multiple future dealings, with built-in mechanisms for governance, dispute resolution, and risk allocation that align with Hong Kong's legal and business practices.
