What is a Master Agreement?
A Master Agreement is a document agreed between two parties that sets out standard terms that apply to all the transactions entered into between those parties. Each time a transaction is entered into, the terms of the master agreement do not need to be re-negotiated and apply automatically.
When is a Master Agreement Used?
When UF clinical researchers frequently work with a specific industry-sponsor, the use of a Master Clinical Trial Agreement (MCTA) can be key tool in getting multiple studies up and running as quickly and easily as possible.
Who Negotiates MCTAs for UF?
The UF Office of Clinical Research (OCR) Contracting team negotiates all UF MCTAs.
What MCTA Templates are Used at UF?
While the OCR Contracting team prefers to utilize the University Industry Demonstration Project (UIDP) Accelerated Clinical Trial Agreement (ACTA) template as a starting point when negotiating with sponsors, often an MCTA is based on previously negotiated agreements with that specific sponsor.
How are MCTAs Implemented?
An MCTA looks a lot like a standard Clinical Trail Agreement, except it delegates some of the contract terms to a separate document – a Statement of Work (SOW) – that covers the unique features of each individual study. In addition, even when an MCTA is present, budgets are usually study-specific. Typically, a MCTA is in place for 3-5 years.