What are the key MSA terms?
One-year initial term, auto-renew with 60-day opt-out, mutual indemnification capped at fees paid, Pakistan law and Lahore arbitration.
Standard MSA framework: - Initial term: 12 months - Auto-renewal: 12 months unless either party opts out 60 days before renewal - Payment: net 30 from invoice date - Termination for cause: 30-day cure period - Termination for convenience: 90 days written notice, no refund of prepaid fees - Indemnification: mutual, capped at fees paid in the prior 12 months - Limitation of liability: capped at fees paid in the prior 12 months - Governing law: Pakistan - Dispute resolution: Lahore arbitration under Arbitration Act 1940
This article is reference material, not legal advice.
This article is general reference, not legal advice. For your specific circumstances, consult your own counsel.