By signing a software development contract, you can protect your business from some setbacks. If you don’t do it right, you may be wasting time in litigation. But don’t worry. A contract is your best defense against inevitable conflicts on issues such as:
- Intellectual property rights. Who stores the software and code?
- Stages of work. How do you determine how much work needs to be done at each stage of the project?
- Payment. What kind of payment terms are acceptable to both parties?
- Copyrighted material. Who owns the copyrighted material used in software development?
- Characteristics. This is one of the most important parts of the contract. Well-written specifications define exactly what the finished product will be like.
Find out what key points are crucial for a win-win software development contract