A deliverables agreement is a document that outlines the scope of work to be undertaken by a service provider for a client. It is an essential document that establishes the expectations and responsibilities of both parties involved in a project. A deliverables agreement typically comprises of several sections that provide clarity on various aspects of the project. In this article, we will discuss the main sections of a deliverables agreement.
1. Introduction:
The introduction section of a deliverables agreement provides an overview of the document. It includes a brief description of the project, the names of the parties involved, the start and end dates of the project, and the purpose of the agreement.
2. Scope of Work:
The scope of work section outlines the specific tasks to be performed by the service provider. It defines the deliverables, milestones, and timelines for the project. The scope of work section also specifies the responsibilities of the client in providing necessary resources and information to the service provider.
3. Payment Terms:
The payment terms section of a deliverables agreement describes the payment structure for the project. It outlines the payment schedule, the payment amount, and the mode of payment. The payment terms should be detailed and precise to avoid any misunderstandings or disputes.
4. Intellectual Property Rights:
The intellectual property rights section of a deliverables agreement specifies the ownership and usage of the intellectual property created during the project. It identifies who owns the rights to the deliverables, and whether the client has the right to use the deliverables for commercial purposes.
5. Confidentiality:
The confidentiality section of a deliverables agreement outlines the measures that both parties will take to protect confidential information during the project. It should include clauses on how information will be shared, who will have access to it, and how it will be handled after the project is completed.
6. Termination:
The termination section of a deliverables agreement establishes the conditions under which the project can be terminated by either party. It includes clauses on the procedure for terminating the project, the reasons for termination, and the consequences of termination.
7. Governing Law:
The governing law section of a deliverables agreement specifies the laws that will govern the agreement. It identifies the jurisdiction in which disputes will be resolved and the governing law that will be applied.
In conclusion, a deliverables agreement is a critical document that outlines the scope of work, payment terms, intellectual property rights, confidentiality, termination, and governing law. These sections provide clarity and set expectations for both parties involved in a project, ultimately ensuring that the project is completed successfully.