Document background
The Overagreement is designed for use in situations where parties anticipate an ongoing business relationship with multiple transactions or service arrangements. This master agreement, governed by Indian law, provides a comprehensive framework that eliminates the need to negotiate standard terms repeatedly for each individual transaction. It typically includes detailed provisions for execution of subsequent transaction-specific agreements, standardized operational procedures, risk allocation mechanisms, and compliance requirements aligned with Indian regulatory standards. The document is particularly valuable for complex business relationships where parties need a consistent yet flexible framework for multiple dealings over time, while ensuring compliance with Indian Contract Act and other relevant legislation.
