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A Master Service Agreement (MSA) establishes a contract between two parties that outlines their responsibilities and expectations, streamlining the contract process and future agreements. It includes key elements such as confidentiality clauses to protect company secrets, delivery requirements detailing who delivers what and when, and dispute resolution procedures for conflict management. Additionally, it specifies geographic locations for the services performed and addresses intellectual property rights, ensuring clarity on ownership and usage of all related materials. An MSA is also referred to as a Service Level Agreement (SLA).