Document background
The Master Fee Agreement serves as a comprehensive framework agreement used when parties intend to establish a long-term professional services relationship with recurring fee arrangements. This document, governed by Malaysian law, sets out the overarching terms and conditions that will apply to all services provided, while allowing flexibility for specific services to be detailed in individual work orders or statements of work. It includes essential provisions required under Malaysian legislation, such as the Contracts Act 1950 and Financial Services Act 2013, and addresses key aspects including service standards, payment terms, compliance requirements, and dispute resolution mechanisms. The Master Fee Agreement is particularly useful for ongoing professional relationships where services and fees may vary over time, as it eliminates the need to negotiate new agreements for each engagement while maintaining consistent governing terms.
