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A Master Service Agreement (MSA) is a contract between two parties that outlines details and expectations to streamline the contracting process. It specifies the responsibilities of each party and the applicable services. An MSA aims to expedite future contracts and is also known as a Service Level Agreement (SLA). Key components include confidentiality clauses to protect company secrets, delivery requirements outlining who will deliver what and when, a dispute resolution process for conflict management, geographic locations determining where work is performed, and intellectual property rights addressing ownership and use of patents.