Posted in Contract Law

Everything You Need to Know About Statements of Work

SOW, their main ingrdients are:

  • Scope of Work,
  • Detailed description of the services,
  • Specific requirements,
  • Term of the SOW,
  • Location,
  • Timelines,
  • Deadlines,
  • Deliverables,
  • Assumptions,
  • Additional or Special Requirements,
  • Precedent Clause, and
  • Signature Block.

You should especially pay attention to:

  • Acceptance Language,
  • Payment Terms,
  • Intellectual Property (“IP”) Ownership,
  • Indemnity Clauses, and
  • Limitation of Liability Clauses.