Master Services Agreement Cost

Jump to Section

Need help with a Master Services Agreement?

Post Project Now

Post Your Project (It's Free)

Get Bids to Compare

 Hire Your Lawyer

How much does a master services agreement cost? A master services agreement is a legal contract between a service provider and a client that establishes specific terms and conditions for all current and future activities between the parties.

Many businesses use master services agreements when they know that they will be conducting ongoing business with another entity. The master services agreement lays out the broad rights and responsibilities of both parties so they can use a more focused contract for individual transactions.

Master services agreements are most commonly found in the technology industry, where many companies have ongoing long-term business relationships. Master services agreements can also be used for:

  • Client and vendor relationships
  • Government contracts
  • Union negotiations

A master services agreement is an important document because it lays the foundation for a long-term business relationship. It is essential that this document is drafted correctly to protect the interest of both parties. Many businesses choose to hire a business lawyer to draft a master services agreement.

How much will it cost to hire a lawyer to draft a master services agreement? Let's explore this question and go over some general information about master services agreements.

How Much Does a Master Services Agreement Cost?

The cost of a master services agreement will vary based on several factors, like the complexity of the contract and the location of both parties.

Master services agreements are easily customizable to fit the needs of both parties, so they can be as straightforward or as complex as the parties desire. If the contract is complex with many specific terms and conditions , it will take longer to draft and incur more legal fees.

An experienced business lawyer will know what clauses and terms must be included in the agreement to protect both parties and ensure an amicable business relationship for future transactions.

Based on ContractsCounsel's marketplace data, the average cost of a master services agreement is $561.25 .

What's Typically Included in a Master Services Agreement

Master services agreements will vary depending on the parties and the industry, but an effective, legally binding master services agreement will cover the following terms and conditions:

  • General terms. The master services agreement should clarify that it stands apart from the terms and conditions of future contracts.
  • Confidentiality terms. Commonly, companies using a master services agreement have access to certain types of information like client data. A confidentiality clause protects both parties and their data.
  • Intellectual property rights. The contract should dictate which party retains ownership of intellectual property.
  • How work will be performed. It is important that a master services agreement lays out the responsibilities of each party and how each party will perform their required tasks.
  • Dispute resolution. It is a good idea to include steps for dispute resolution in the event that a disagreement arises between the parties.

Other clauses and issues that should be addressed in a master services agreement include:

  • Geography
  • Limitations of liability
  • Payment terms
  • Venue
  • Warranty
  • Work standards
  • Indemnification clause
  • Insurance
  • Termination of the agreement

When a master services agreement is detailed and includes terms and conditions for every situation, it lays the foundation for a successful business relationship.

Who Needs a Master Services Agreement?

Any company that is involved in ongoing business with another company should consider a master services agreement. Companies use master services agreements for two primary reasons:

  1. Indemnification . One party releases the other party for any liability or losses related to business dealings
  2. Risk allocation. Practice of implementing strategies to allocate risk

Master services agreements are a practical way for two companies to manage their long-term business relationship while protecting their individual interests.

Meet some lawyers on our platform

Samuel R.

5 projects on CC
View Profile

Scott S.

3 projects on CC
View Profile

Russell M.

5 projects on CC
View Profile

Terence B.

35 projects on CC
View Profile

Examples of Master Services Agreement Projects

Master Services Agreement Drafting

It is common for a business to hire a business lawyer to draft a master services agreement. This contract can be complex, and because its job is to protect both parties and facilitate a productive working relationship, it is extremely important that it is drafted correctly.

An experienced business lawyer will know what terms and clauses must be included in the contract to protect both party's interests and comply with all contract laws.

Master Services Agreement Review

In some cases, parties may already have a master services agreement in place that they may have drafted on their own using a template. While it is possible to prepare your own master services agreement, it is always a good idea to have a licensed business lawyer check over the final contract before using it for business purposes.

Master Services Agreement Disputes

Even when companies have the most professional, iron-clad master services agreement, it is still possible for a dispute to occur. If the parties disagree over the terms of the contract or believe the other party has breached the contract, they should consult with a business lawyer.

A business lawyer will help in the dispute resolution process or file a lawsuit if the disagreement cannot be resolved.

Drafting Master Services Agreement Cost

Drafting a master services agreement can be a complicated job that will require specialized knowledge in business and contracts law.

According to ContractsCounsel's marketplace data, the average master services agreement drafting costs are $750.00 across all states.

Reviewing Master Services Agreement Cost

Reviewing a master services agreement is also a job that will require specialized knowledge. The attorney needs to have experience with contract law and be familiar with any local or state laws that may govern contract enforceability.

ContractsCounsel's marketplace data shows the average master services agreement review costs to be $515.00 across all states.

How Do Lawyers Charge for a Master Services Agreement?

Lawyers hired to draft a master services agreement will need to be compensated for their time and legal knowledge. Business lawyers will either charge clients using an hourly rate fee structure or a flat rate fee structure.

Hourly Rates for a Master Services Agreement

When a lawyer uses an hourly fee structure, they will charge clients at a set hourly rate for the number of hours it took to complete a project. This is a common way for attorneys to bill because it ensures they are adequately paid for their time.

Hourly rates are usually used when a lawyer works on an ongoing case or project with no definitive end date.

The marketplace data for ContractsCounsel shows the average hourly rate for a business lawyer ranges from $225 - $300 per hour.

Flat Fee Rates for a Master Services Agreement

When a client hires an attorney for a specific purpose, like drafting a master services agreement, the attorney may quote the client a flat fee to complete the task.

To come up with a flat fee rate, an attorney will still consider their hourly rate, but they will estimate the amount of time it will take to finish a client's project and quote the client a flat rate fee to be paid upfront.

On the downside, if a lawyer underestimates how long a project takes to finish, they will not be compensated for their additional time.

ContractsCounsel's marketplace data shows the average flat fee rate for master services agreement costs to be $561.25 .

Get Help with a Master Services Agreement

Do you need help with a master services agreement project? If so, post a project in ContractsCounsel's marketplace to receive flat fee bids from business lawyers to handle your project. All lawyers on the ContractsCounsel's platform are vetted by our team to make sure you are provided with top-tier service.

How ContractsCounsel Works
Hiring a lawyer on ContractsCounsel is easy, transparent and affordable.
1. Post a Free Project
Complete our 4-step process to provide info on what you need done.
2. Get Bids to Review
Receive flat-fee bids from lawyers in our marketplace to compare.
3. Start Your Project
Securely pay to start working with the lawyer you select.

Meet some of our Lawyers

ContractsCounsel verified
27 years practicing
Free Consultation

A commercial contracts lawyer with over 25 years of experience (both at large law firms and in-house as general counsel of a public company)

ContractsCounsel verified
8 years practicing
Free Consultation

Brittany advises startups and emerging and public companies at all stages of growth, with focuses on formation and corporate governance matters, securities, venture capital financings, M&A and other strategic transactions, commercial contracts and general corporate counseling. Brittany represents clients across a broad spectrum of industries, including technology, automotive, mobility, digital health, consumer products and manufacturing.

ContractsCounsel verified
General Counsel & CEO
13 years practicing
Free Consultation

Tech leader and General Counsel with 12 years of in-house experience.

ContractsCounsel verified
5 years practicing
Free Consultation

James Allen is a native of Birmingham, Alabama. Mr. Allen has a considerable amount of experience in the areas of domestic relations, criminal law, family law, and general civil litigation.

ContractsCounsel verified
6 years practicing
Free Consultation

I am available to advise on entity formation, contracts, and employment policies. I am also comfortable litigating business disputes including partnership disputes and employment cases. Prior to opening my current practice, I worked for several years in a small civil litigation practice focused on employment matters and civil litigation. I attended law school at the University of Colorado, and I went to the University of British Columbia for my undergraduate education.

ContractsCounsel verified
6 years practicing
Free Consultation

We are a boutique firm located in San Diego that handles civil litigation with a couple other areas of law.

ContractsCounsel verified
Legal Counsel
5 years practicing
Free Consultation

Liz is an experienced insurance professional, having worked with carriers and brokers for over 10 years. She can review or draft a variety of commercial agreements and is here to help your business. Specialties include: Master Service Agreements, business process outsourcing, marketing and partnership agreements, broker agreements, and NDAs.

ContractsCounsel verified
4 years practicing
Free Consultation

I have been a freelance attorney for several years and have many of my clients returning to me for continued work because of the quality I produce.

ContractsCounsel verified
37 years practicing
Free Consultation

20+ years working internationally in-house with BMS, Bayer, ImClone and Osteotech, plus another dozen running a boutique business law firm. Our contract experience runs the entire spectrum - M&A, Real Estate, Procurement, Entity and Formation, Licensing, Employment, Drug Development, Professional Services and SaaS.

ContractsCounsel verified
President, Concierge Legal
25 years practicing
Free Consultation

Ms. Leavens is a corporate attorney with 10 years of experience as the General Counsel, Chief Compliance Officer and Corporate Secretary of a Congressionally chartered, non-profit corporation, and more than 20 years of experience as an advisor to executive officers and boards of directors in for-profit and non-profit organizations. She has substantial experience within in-house legal departments managing cross-functional teams comprised of multiple business units and attorneys on large-scale mission critical projects, and within a global law firm as a manager of public and private, domestic and international, multi-party business transactions. She has unique experience implementing government-sponsored business initiatives. Ms. Leavens was honored in 2015 as one of Washington, D.C.’s Top Corporate Counsel by Bisnow and the Association of Corporate Counsel; nominated in 2014 for the Association of Corporate Counsel (WMACCA) Outstanding Chief Legal Officer Award; and the recipient in 2014 of WMACCA’s Community Service Award.

ContractsCounsel verified
Corporate Counsel
8 years practicing
Free Consultation

Most of my career has been as in-house counsel for technology companies. My responsibilities included managing all vendor/procurement contracts and compliance, customer/partner/reseller contracts and compliance, data security/privacy compliance and incident responses, HR/employment issues, and legal operations. I am very comfortable negotiating Commercial Contracts, Vendor Agreements, and Procurement Contracts for goods, services, and licensing, as well as addressing Employment & Labor, Intellectual Property, and Data Privacy issues and compliance. I specialized and have a certificate in IP in law school and continued to develop in that area as in-house counsel for Interactive Intelligence, Genesys, which are unified communication companies, and KAR Global in the automobile digital services lines of business.

Find the best lawyer for your project

Browse Lawyers Now

Want to speak to someone?

Get in touch below and we will schedule a time to connect!

Request a call