Master Service Agreement DocuSign: A Complete Guide for Businesses
Master Service Agreements (MSAs) are essential for businesses that provide services to their clients. It lays out the terms and conditions of the partnership between the service provider and the client. An MSA specifies the scope of services, timelines, payment terms, and any other important aspects of the agreement. It allows both parties to have a clear understanding of their respective responsibilities.
In today`s digital age, signing an MSA can be done electronically using an e-signature service like DocuSign. DocuSign is a cloud-based platform that enables businesses to sign, send, and manage documents securely. It saves time and money, eliminates the need for printing and scanning, and provides a faster turnaround time.
Here`s a guide on how to create and sign an MSA using DocuSign:
Step 1: Create an MSA template
Before you can sign an MSA, you need to create a template that includes all the necessary details. This includes the names of the parties involved, the scope of services, payment terms, timelines, and any other important information.
Step 2: Upload the template to DocuSign
Once you`ve created an MSA template, upload it to DocuSign. You can either upload a PDF or create the document from scratch using DocuSign`s drag-and-drop editor.
Step 3: Add signers and recipients
Next, add the signers and recipients of the MSA. This includes the service provider, client, and any other stakeholders involved in the agreement. You can also customize the order in which each person signs the document.
Step 4: Set signing fields and tags
Assign signing fields and tags to each signer and recipient. This includes their name, signature, date, and any other information that needs to be filled in. This ensures that all parties complete all the required fields before signing the document.
Step 5: Send the MSA for signature
Once you`ve set up the signing fields and tags, you can send the MSA for signature. DocuSign sends an email to each recipient with a link to access the document. The recipient can then review, sign, and send the document back to the sender.
Step 6: Track and manage the MSA
DocuSign provides a dashboard that allows you to track and manage the progress of the MSA. You can see who has signed the document, who needs to sign, and send reminders to those who haven`t signed yet. You can also download the signed document for your records.
In conclusion, using DocuSign to sign an MSA saves time and makes the process more efficient. It allows businesses to create, send, and manage documents securely and eliminates the need for printing and scanning. If you`re a business that provides services to your clients, consider using DocuSign for your next MSA.