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Software Development Agreement Between Two Companies
"I need a Software Development Agreement Between Two Companies for a machine learning project where my company will be developing a customer service chatbot for a retail client, with strict data protection requirements and quarterly milestone deliverables starting March 2025."
1. Parties: Identification of both companies, including legal names, addresses, and registration details
2. Background/Recitals: Context of the agreement and high-level description of the project
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of software development services to be provided
5. Project Timeline and Milestones: Development schedule, deliverables, and acceptance criteria
6. Payment Terms: Fees, payment schedule, and invoicing procedures
7. Intellectual Property Rights: Ownership and licensing of developed software and existing IP
8. Confidentiality: Protection of proprietary information and trade secrets
9. Term and Termination: Duration of agreement and termination conditions
1. Change Management: Process for handling scope changes and modifications to the project requirements
2. Service Level Agreement: Performance metrics, standards, and maintenance requirements
3. Data Protection: Specific data handling requirements and compliance with privacy regulations
4. Source Code Escrow: Terms for source code safekeeping and access conditions
1. Technical Specifications: Detailed technical requirements and functionality specifications
2. Project Plan: Detailed timeline, resources, and deliverables schedule
3. Acceptance Test Criteria: Specific testing requirements and acceptance procedures
4. Rate Card: Detailed pricing for different resources or services
5. Security Requirements: Specific security standards and protocols to be followed
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