Statement of Work

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Party 1

Name / Company
Individual / Company
Address 1
Address 2
City
State/Province
Zip

Party 2

Name / Company
Individual / Company
Address 1
Address 2
City
State/Province
Zip
What is the effective date for this contract?
It is important to make sure the Statement of Work clearly references the title/name and date of Master Agreement so it is clear what master provisions apply.

Party 1:
Party 2:
PREAMBLE - STATEMENT OF WORK (Master Agreement Name) - What is the title/name of the master agreement?
It is important to make sure that the Statement of Work clearly references the title/name and date of the master agreement so it is clear what master provisions apply to the Statement of Work.

Party 1:
Party 2:
PREAMBLE - STATEMENT OF WORK (Master Agreement Date) - What is the date of the master agreement?
A "Deadline" is a requirement that the services, goods or deliverables required under the Agreement must be provided within a definite time frame.

Party 1:
Party 2:
DEADLINE (Deliverables) - When will all Deliverables be provided?
Please describe the deadline(s):
Type number of days.
A "Deadline" is a requirement that the services, goods or deliverables required under the Agreement must be provided within a definite time frame. "Assumptions" refer to certain requirements the customer must meet so that the vendor can calculate how much work is involved, when the work can be completed, and how much the fee should be.

Party 1:
Party 2:
DEADLINE - ASSUMPTIONS (Party-1 Buys) - Does Party-1 have to do anything in advance so that Party-2 can meet the deadline?
What must Party-1 do?
"Deliverables" are the tangible goods or intellectual property provided under an agreement for payment. "Services" are not goods or deliverables, which are the tangible results of the services. For example, if a consultant is engaged to meet with and better understand a customer's manufacturing system and then provide a written report summarizing how to improve the system, the meeting and understanding would be the services, while the report itself would be a deliverable.

Party 1:
Party 2:
DELIVERABLES (Party-1 Buys) - What are the Deliverables Party-2 will provide to Party-1 pursuant to this Agreement?
A fee in this context can take many forms, including a flat fee, the total of the hours/days incurred times the hourly/daily rates, a guaranteed maximum fee, a per Service/Deliverable fee, a per milestone fee, or other arrangement.

Party 1:
Party 2:
FEE (Services/Deliverables) (Party-1 Buys) - What are the fees?
What is the flat fee?
What is the hourly rate for each member of Party-2's personnel?
What is the daily rate for each member of Party-2's personnel?
What is the maximum flat fee?
Hourly rate fee or daily rate fee?
What is the hourly rate for each member of Party-2's personnel?
What is the daily rate for each member of Party-2's personnel?
Please list each Service/Deliverable and fee.
Please list each milestone and fee.
Please list each fee.
"Payment Schedule" means when the vendor will bill the customer. The customer may prefer not to be billed until after acceptance, which is a legal concept that gives the customer a short testing period after receiving goods or services to determine whether or not they are satisfactory. The vendor instead prefers to invoice the customer upon receipt of goods or services, so that the vendor can recognize its revenue sooner.

Party 1:
Party 2:
FEE - PAYMENT SCHEDULE (Party-1 Buys) - What is the payment schedule?
Please specify the percentages and dates/milestones.
Please specify each milestone and the fee amount to be invoiced.
Please specify each fee payment schedule.
"Affiliates" means a party's parent, subsidiary, or related business associations that, in future purchases, could receive the same pricing under this contract.
"Most Favored Customer Status" means that a customer is receiving a deal from a vendor which is just as good or better than any other deal the vendor has with any other customer.
"Assumptions" means requirements a customer must meet or the vendor will have to perform extra work and as a result will need to increase the fees.

Party 1:
Party 2:
FEE - CONDITIONS (Party-1 Buys) - Do any assumptions, affiliate pricing, or most favored customer status conditions apply to the fee?
What must Party-1 do?
What are the fee increases?
A vendor may offer a discount off the invoice if the invoice is paid early so the vendor has its money sooner.

Party 1:
Party 2:
FEE - EARLY PAYMENT DISCOUNT (Party-1 Buys) - Does Party-1 receive an early payment discount for early payments?
To earn the discount, customer must pay the fee within how many days?
What is the discount percentage?
Expenses incurred by a vendor are sometimes reimbursed by a customer, and this cost is over and above the fees under the Agreement.

Party 1:
Party 2:
EXPENSES (Party-1 Reimburses) - Will Party-1 reimburse Party-2's expenses?
"Intellectual Property" means the nontangible goods provided by one party to the other, such as a report, software code, a process, a design, a work of authorship, an invention, a product or service name, or a secret with commercial value. In this case, an assignment means that a party assigns ownership of all rights in the intellectual property to the other party, while a license means that a party has a right to use the intellectual property but does not own it.

Party 1:
Party 2:
INTELLECTUAL PROPERTY - ASSIGNMENT/LICENSE (Party-1 Assignee) - Do I want Party-2 to assign or license the intellectual property rights in the Deliverables to Party-1?
What is the field of use?
What is the territory?
What is the territory?
What is the territory?
"Intellectual Property" means the nontangible goods provided by one party to the other, such as a report, software code, a process, a design, a work of authorship, an invention, a product or service name, or a secret with commercial value. In this case, a sublicense means that a party has a right to authorize other third parties to use the intellectual property, such as agents or subcontractors.

Party 1:
Party 2:
INTELLECTUAL PROPERTY - THIRD PARTY CONTRACTORS SUBLICENSE (Party-1 Sublicenses) - Can Party-1 sublicense its Deliverables license to third party contractors for Party-1's internal business purposes?

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Complete Description. This Statement of Work covers customers buying goods under a master agreement, and explains deadlines, deliverables, acceptance, fees and intellectual property rights in deliverables for a statement of work.