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Master Services Agreement (MSA) Contract Best Practices

Learn how to transform your MSA portfolio into a competitive advantage.

Master Service Agreements have been a key element in the contracting toolbox for decades - for some practitioners. Yet, many are still not utilizing this contracting model. Regardless of whether you use MSAs or not, there are key insights and best practices to be learned in this topic. Some recent developments have brought Master Service Agreements into the forefront of contracting practice, leading to higher value yields and mitigated risks for those who effectively use MSAs. Learn what others are doing differently, and how they are emerging with greater success in their commercial practice.

95 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is a Master Services Agreement (MSA)?

Why Use an MSA - What Are the Key Benefits?

How Can One Collaborate Around the MSA - Internally and Externally?

How Do Leaders Maximize Value and Mitigate Risk With the MSA?

When to Use an MSA?

When to Avoid an MSA?

Who Should Own the MSA?

How Do Parties Create, Negotiate, Execute and Manage an MSA in Today's Economy?

What Is the Most Effective Structure to an MSA - Is It the Contracting Cube?

Key Provisions in an MSA

How Can One Integrate the MSA With the Relationship and Social Norms?

Why and How Should One Terminate an MSA? What Are the Key Pitfalls and Risks?

What Are Some Additional Best Practice Considerations (and Closing Summary)?

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

Applications have not yet been submitted for Delaware, Idaho, Kentucky, Maine, Ohio, Oklahoma, South Carolina, and Wyoming CLE for this course. However, if you are interested in obtaining CLE for any of the listed states or have any additional credit questions please email us at [email protected] or call us at 866-352-9540.

This course was last revised on December 16, 2020.

Call 1-866-352-9540 for further credit information.

  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Jim Bergman

Jim Bergman

Commercial Officers Group

  • CEO of Commercial Officers Group, a thought leader on all matters related to commercial contract management
  • Through his “in the trenches” experience as an attorney and commercial contract management professional, he has delivered over $100 million in negotiated savings and value for money through his contract management support
  • Been involved in numerous research studies on contract management
  • Conducted workshops and webinars on contract management for the benefit of over 10,000 individuals during the past decade
  • Sessions have been delivered to individuals in over 100 countries
  • In addition to being licensed as an attorney in Illinois, Texas and Oklahoma, he has been certified as CCM Practitioner, CCM Advanced Practitioner, and CCM Expert
  • Can be contacted at 720-470-9846 or [email protected]
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • OnDemand Courses
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  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 407937
Published 2020
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