Scope of Work: Clearly define the scope of the project or services to be provided. Specify the deliverables, milestones, and any limitations or exclusions.
Project Timeline: Outline the estimated project timeline, including start and completion dates. Include provisions for potential delays or changes and how they will be addressed.
Pricing and Payment Terms: Detail the pricing structure, payment milestones, and any applicable taxes or fees. Specify the payment methods accepted and any late payment penalties or interest charges.
Intellectual Property: Outline the ownership and rights to intellectual property created during the project, including designs, drawings, reports, and software. Specify whether the client or your company retains ownership and any licensing or usage agreements.
Confidentiality: Include provisions for maintaining the confidentiality of sensitive information shared during the project. Define what constitutes confidential information and outline the obligations of both parties to protect it.
Change Requests: Establish procedures for handling changes to the project scope, timeline, or budget. Specify how change requests will be evaluated, approved, and priced, and how they may impact the project schedule.
Warranty and Liability: Define the warranty period for the services provided and any limitations or exclusions. Clarify the liability of your company for damages, errors, or omissions, and outline any limitations of liability or indemnification provisions.
Termination: Specify the conditions under which either party can terminate the agreement. Include provisions for notice periods, termination fees, and the responsibilities of each party upon termination.
Dispute Resolution: Outline the process for resolving disputes, such as negotiation, mediation, or arbitration. Specify the jurisdiction and applicable laws governing the agreement.
Governing Law and Jurisdiction: State the governing law and jurisdiction that will govern the interpretation and enforcement of the agreement.
It’s important to consult with a legal professional experienced in contract law to ensure that your terms and conditions are compliant with local regulations and adequately protect your rights and interests. Customize your terms and conditions to suit your specific business requirements and seek legal advice when necessary.