Best Practices for Master Agreements
- Ensure the version you agreed to at the time of signing does not change during the course of your agreement without your express written consent.
- Indicate the order of precedence between the agreements being signed. For example, “The documents will control as follows (unless otherwise expressly agreed to in the applicable Purchase Order): (i) Purchase Order; (ii) Subscription Agreement; any other agreement which has been agreed upon in writing.”
- Read agreements word for word and understand the terms contained therein BEFORE signing.
- Negotiate language you are not comfortable with.
- Do not agree to “the most current version” of any document. Instead, attach the exact version you are agreeing to as an Exhibit to the master agreement.
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Disclaimer: This article provides general information and materials related to contract management. This article does not provide legal advice. Agile Legal is not a law firm, nor does it provide legal advice. You should contact an attorney to obtain advice with respect to any particular legal issues or questions.