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Master Framework Agreement
"I need a Master Framework Agreement for a global IT services provider to supply software development and maintenance services to our group companies, with specific focus on data protection and IP rights, to be effective from March 2025."
1. Parties: Identification and details of all contracting parties
2. Background/Recitals: Context and purpose of the agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Agreement: Framework terms governing future transactions/agreements
5. Term and Termination: Duration and conditions for ending the agreement
6. Ordering Process: Procedures for placing and accepting orders
7. Payment Terms: Standard payment conditions and processes
8. Confidentiality: Protection of confidential information
9. Governing Law: Applicable law and jurisdiction
1. Service Levels: Performance standards and metrics - include when agreement involves service delivery
2. Data Protection: Data handling and privacy requirements - include when personal data is processed
3. Intellectual Property: IP ownership and licensing terms - include when IP rights are involved
4. Insurance: Required insurance coverage - include when significant operational risks exist
5. Compliance: Industry-specific regulatory requirements - include for regulated industries
1. Schedule of Services: Detailed description of services/products covered
2. Pricing Schedule: Standard pricing and rate cards
3. Service Level Agreement: Detailed performance metrics and remedies
4. Change Control Procedure: Process for managing changes to agreement terms
5. Form of Work Order: Template for individual work orders/statements of work
6. Security Requirements: Detailed security protocols and standards
7. Approved Subcontractors: List of pre-approved subcontractors if applicable
Authors
Affiliate
Applicable Law
Background IP
Business Day
Confidential Information
Commencement Date
Contract Year
Deliverables
Effective Date
Force Majeure Event
Foreground IP
Good Industry Practice
Group
Group Company
Intellectual Property Rights
Key Personnel
Material Breach
Order
Parties
Personnel
Project
Purchase Order
Representatives
Services
Service Levels
Specification
Statement of Work
Subcontractor
Term
Territory
Third Party
Work Order
Working Hours
Term and Duration
Framework Structure
Ordering Process
Service Delivery
Payment Terms
Invoicing
Price Adjustment
Service Levels
Key Performance Indicators
Governance
Change Control
Intellectual Property
Data Protection
Confidentiality
Compliance
Anti-Bribery
Modern Slavery
Force Majeure
Insurance
Liability
Indemnification
Termination
Exit Management
Assignment and Subcontracting
Notices
Dispute Resolution
Governing Law
Entire Agreement
Severability
Third Party Rights
Waiver
Variation
Counterparts
Business Continuity
Audit Rights
Personnel and Key Personnel
Warranties
Security Requirements
Environmental Requirements
Health and Safety
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