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Project Specific Agreement
"I need a Project Specific Agreement for a software development project with our external vendor ABC Tech, covering development of a new CRM system with delivery milestones starting March 2025, including source code ownership and data security provisions."
1. Parties: Identifies and defines the contracting parties
2. Background: Sets out the context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Project Scope: Detailed description of project deliverables and requirements
5. Timeline and Milestones: Project schedule and key delivery dates
6. Payment Terms: Payment schedule, amounts, and conditions
7. Term and Termination: Duration of agreement and termination provisions
1. Change Management: Procedures for handling project changes - recommended for complex projects likely to require modifications
2. Intellectual Property Rights: Ownership and usage rights of project deliverables - essential when project involves creation of IP
3. Service Levels: Performance metrics and standards - necessary for projects with ongoing service components
1. Schedule 1 - Project Specifications: Detailed technical requirements and specifications
2. Schedule 2 - Payment Schedule: Detailed breakdown of payment milestones and amounts
3. Schedule 3 - Project Timeline: Detailed project schedule with milestones
4. Schedule 4 - Key Personnel: List of key team members and their roles
5. Schedule 5 - Service Level Agreement: Detailed performance metrics and remedies (optional)
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