Legal Glossary
MSA (Master Services Agreement)
A foundational contract establishing the overarching terms between two parties for current and future transactions.
BAA (Business Associate Agreement)
A legally mandated contract under HIPAA that ensures third-party vendors properly safeguard Protected Health Information (PHI).
Indemnification
A clause where one party agrees to compensate the other for specific losses or damages caused by third-party claims.
Limitation of Liability
A financial ceiling placed on the damages one party can recover from the other in the event of a breach.