Master service agreements are particularly useful in the entertainment industry when parties anticipate repeated engagements or collaborations over an extended period. By establishing the core terms upfront, subsequent negotiations and transactions can be streamlined, saving time and effort. Think of a director that signs a trilogy deal, or specialized crew technicians that sign on to support studios for a number of productions. Whether it’s a production company partnering with a music label or a filmmaker engaging with a distribution company, utilizing a master agreement prevents slowdowns in the work or budget overages that can be caused by frequent renegotiation.
When should a master service agreement be used?
