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A master contract or master agreement is a collective bargaining agreement which covers all unionized worksites in an industry, market or company, and which establishes the terms and conditions of employment common to all workers in the industry, market or company. [1] [2] [3]
A master service agreement, sometimes known as a framework agreement, is a contract reached between parties, in which the parties agree to most of the terms that will govern future transactions or future agreements. A master agreement delineates a schedule of lower-level service agreements, permitting the parties to quickly enact future ...
Master contract or master agreement may refer to: Master contract (labor), agreement between a trade union and employer (s) which frames local negotiations. Master service agreement, agreement between a client and a supplier regarding terms of work (common among professional contractors).
The ISDA Master Agreement, published by the International Swaps and Derivatives Association, is the most commonly used master service agreement for OTC derivatives transactions internationally. It is part of a framework of documents, designed to enable OTC derivatives to be documented fully and flexibly. The framework consists of a master ...
The master service agreement serves as a master contract governing the terms over potentially multiple SOWs. Sometimes it refers to scope of work. For instance, if a project is done on contract, the scope statement included as part of it can be used as the SOW since it also outlines the work of the project in clear and concise terms.
In BDSM, Master/slave, M/s or sexual slavery is a relationship in which one individual serves another in a consensual authority-exchange structured relationship. Unlike Dominant / submissive structures found in BDSM in which love is often the core value, service and obedience are often the core values in Master/slave structures. [1]
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