Master Contract

The term master contract may refer to:

  • Master contract (labor), an agreement between a trade union and employer(s) which frames local negotiations.
  • Master service agreements, an agreement between a client and a supplier regarding terms of work (common among professional contractors).
  • Master transaction agreement, a type of financial transaction common in banking and stock markets


Famous quotes containing the words master and/or contract:

    God bless the master of this house,
    Likewise the mistress too:
    —Unknown. God Bless the Master of This House (l. 1–2)

    Smoking ... is downright dangerous. Most people who smoke will eventually contract a fatal disease and die. But they don’t brag about it, do they? Most people who ski, play professional football or drive race cars, will not die—at least not in the act—and yet they are the ones with the glamorous images, the expensive equipment and the mythic proportions. Why this should be I cannot say, unless it is simply that the average American does not know a daredevil when he sees one.
    Fran Lebowitz (b. 1950)