Master Service Agreement (MSA)
1. What is a Master Service Agreement ("MSA")?
A Master Service Agreement is a contractual arrangement between Niural and the client. It establishes a standardized set of conditions and terms applicable to all future hires and transactions within the legal framework. Clients will sign one MSA that governs all global EOR hires, offering consistency and simplicity across various locations.
2. Can I make adjustments to the MSA?
Adjustments to the MSA are subject to the discretion of our legal counsels. If you have specific changes in mind, please communicate them, and we will consider the possibility of amendments. It is advisable to request any modifications before the contract is signed by either party to ensure a smooth process.
Scope of Work (SOW)
3. What is a Scope of Work ("SOW")?
The Scope of Work is a document signed between Niural and the client, detailing the specific tasks and responsibilities to be undertaken by the employee. This comprehensive outline encompasses essential information, including who, what, when, where, and how the work will be executed.
Exclusivity and Contractual Terms
4. What does "Exclusivity" mean?
"Exclusivity" implies that the client grants Niural exclusive rights to act as the employer of record, reinforcing a dedicated and streamlined partnership.
5. Intellectual Property Protection
Niural assigns all intellectual property created under the employment agreement to itself and subsequently assigns that intellectual property to the client through the MSA, ensuring clarity and protection of valuable assets.
Contractual Processes
6. How to Review and Sign the MSA & SOW?
You have the flexibility to manage your Master Service Agreement (MSA) with Niural's platform. You can either upload a signed MSA onto the platform or generate a new one directly through our system. Once you've entered all the necessary details into Niural for the EOR contract, you'll gain access to review and sign the Scope of Work (SOW). Signing these documents finalizes the engagement and triggers the Deposit and Employee Onboarding processes.
7. Late Payments and Fees
Clients are advised to adhere to their specific MSA terms, accessible on the Niural platform, to understand any potential fees associated with late payments. Late payment fees are linked to the US Prime Lending Rate and are outlined in the client's MSA.