This is part of a series of articles on transactional contracts issues by Prof. Michael L. Bloom and students in the Transactional Lab at the University of Michigan Law School.
Given that organizations often enter into several similar commercial agreements over time, corporate counsel often seek efficient means to streamline the drafting and negotiation of these agreements. When a buyer will be purchasing goods or services over time from a seller, a familiar approach is to put in place a master agreement that contains global terms under which individual statements of work (commonly referred to as “SOWs” or, alternatively, as work or service orders) may be executed for specific goods or services as they are ordered.
