How to conclude a contract for development (cooperation) with a foreign company?

Question

Law in IT

Hello. Help to understand the issue of documenting the fact of cooperation with a foreign company.
A representative of a foreign company came to me, conducted an interview and offered to work with them. I agreed and was sent a Master Software Development Agreement (MSDA). But I can't figure out what it is. It seems like a contract, a lot of points on a bunch of pages about responsibility and the procedure for accepting the results of work, making claims, cases of termination due to "jambs on both sides." But there are no deadlines, no size of the RFP, there is not a word about termination at will. No specifics. But everywhere in the document it is indicated that there will be more Work Statements.
Actually the question is, what kind of document is this MSDA?
Is there any standard procedure, a standard description of these documents and what should be contained there, or is it all at the discretion of the companies?
What information can a Work Statement contain?
Just how many times I had to conclude contracts with Russian customers, the contracts always included the level of compensation, the terms or scope of work, and the procedure for terminating at will.

Answer 1

Probably, something like the domestic "Framework Agreement" (a standard agreement of 30-40 pages, solid water and legal casuistry) and specifications and additional agreements to it, in which all the specifics sit - nomenclature, amounts, terms, fines .. Practiced in the procurement of large offices such as Gazprom.