Contractual Instruments Vocabulary (MOU, MOA, MSA, SOW, WO, SLA, NDA, BPA)

Vocabulary flashcards covering common contract documents and their meanings.

MOU

Memorandum of Understanding; a non-binding handshake agreement between parties.

MOA

Memorandum of Agreement; a formal agreement between parties that is enforceable.

MSA

Master Service Agreement; an umbrella contract that sets terms for multiple future Statements of Work.

SOW

Statement of Work; a blueprint detailing project scope, deliverables, and timelines.

WO

Work Order; a task order specifying individual tasks under the MSA/SOW.

SLA

Service Level Agreement; defines performance metrics and service standards.

NDA

Non-Disclosure Agreement; intended to keep sensitive information confidential before sharing.

BPA

Blanket Purchase Agreement; a long-term purchasing arrangement with predefined terms for repeated orders.