Software Contractor Agreement Template

    Those who have been working in software development for a long time will have noticed the sharp fluctuation in this sector. There is not much you can do to avoid this problem. The high turnover lies in the nature of the animal. Nevertheless, there is something you can do about it when it comes to your software development team. Typically, your team members stay in place for two years. Therefore, the software development agreement should indicate the duration of the project. This way, you`ll have enough time to plan a likely departure. 4. INDEMNIFICATION.

    Buyer shall pay the Developer a total fee of $_______ [insert reasonable dollar amount] (“Compensation”) for the development and maintenance of the Software during the term of this Agreement. The parties agree that Buyer will have three (3) equal rates of $___ at the end of each quarter until final delivery of the 12 (12) month branded software [may insert other payment terms as desired] Phase III – Acceptance and Delivery of the Software The agreement will culminate (hopefully) with the developer`s transfer of ownership of the developed software to the customer, including all authors and Patent Rights in the Software – or the developer who grants the Customer a non-exclusive license to use the Software. For example, the customer may have an idea for software to improve its own internal systems, but the customer has no intention or ability to produce and market the software. If the customer does not care whether other companies, in the customer`s industry or elsewhere, can use the software, it may make more sense for the customer to simply obtain a non-exclusive license from the developer, which allows the developer to freely market the developed software. Enter the desired interest rate. Many agreements use 2%; A lawyer can help you understand any restrictions or restrictions imposed by law. With regard to the development process, the agreement provides that the client must work with the developer, while the developer must keep the client informed of the progress made. The Developer undertakes to ensure that the source code of the Software is written to a professional standard and in accordance with the documents of the coding standards agreed upon by the parties….