A master agreement for consulting services is a kind of an agreement which is made between a person or a party who wishes to avail consulting services and a person or party who provides consulting services.
The party which provides consulting services is called service provider and the party which avails the services is called the client. Any such agreement lays down the roles both the parties are expected to play in the master agreement and for the entire term of agreement which is known as the effective period.
A master agreement for consulting services is used in cases where financial consultancy is provided or even in cases when other forms of consultancy such as marketing consultancy etc is to be provided. The terms and conditions of such agreements are legally enforceable and both the parties are expected to abide by them in order to avoid any kind of legal actions or ramifications.
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