ProZ.com global directory of translation services
The translation workplace
Ideas
KudoZ home » English » Law: Contract(s)

frame/framework/master agreement


Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.
18:38 Jul 22, 2010
This question was closed without grading. Reason: Answer found elsewhere

English to English translations [PRO]
Law/Patents - Law: Contract(s)
English term or phrase: frame/framework/master agreement
Can anybody tell me the exact difference between these three types of agreement?

I have found definitions of "master agreement", which as far as I understand is one that can be used for multiple contracts, whereby the parties agree to most but not necessarily all the terms, and "framework agreement" but not of "frame agreement", which is my main problem.
sarahca
Local time: 20:13

Summary of reference entries provided
liz askew

Discussion entries: 3





  

Reference comments


18 mins
Reference

Reference information:
http://webcache.googleusercontent.com/search?q=cache:MS3tyJD...


Special Types

A frame agreement is a special type of rate agreement entered with a set of suppliers, with a specific subset (may be just one) chosen as preferred. Frame agreements possess similar clauses as standard rate agreements with a few additional (optional) points such as

* decreasing prices over time
* quality control obligations for the supplier
* minimum or maximum offtakes during the validity period
* provisions for vendor-managed inventory

The UNHCR procures a large percentage of its requirements under frame agreements.

--------------------------------------------------
Note added at 19 mins (2010-07-22 18:58:16 GMT)
--------------------------------------------------

http://webcache.googleusercontent.com/search?q=cache:td9zwhO...


What is a framework agreement?
A framework agreement is an ‘umbrella agreement’ that sets out the terms (particularly relating to price, quality and quantity) under which individual contracts (call-offs) can be made throughout the period of the agreement (normally a maximum of 4 years).

--------------------------------------------------
Note added at 20 mins (2010-07-22 18:59:00 GMT)
--------------------------------------------------

master agreement definition
master agreement - definition of master agreement from BusinessDictionary.com: That consolidates two or more separate but related agreements between the ...
www.businessdictionary.com/definition/master-agreement.html - Cached - Similar

--------------------------------------------------
Note added at 22 mins (2010-07-22 19:01:45 GMT)
--------------------------------------------------

also
see page 4 re "frame agreement"

http://docs.google.com/viewer?a=v&q=cache:MDSE81W8rrIJ:www.e...

liz askew
United Kingdom
Native speaker of: Native in EnglishEnglish
Note to reference poster
Asker: Thanks very much Liz

Login to enter a peer comment (or grade)




Return to KudoZ list


KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.



See also:
ProZ.com term search
Search millions of term translations

Terminology | Jobs and directories | Member activities | Education | Tools
About ProZ.com | ProZ.com basics | Advertising | Support | FAQ | Terms of use
ProZ.com social network linksFacebookLinkedInTwitterDiggStumbleUpondel.icio.us
Print page
Copyright © 1999-2012 ProZ.com - All rights reserved. Privacy