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Each SOW will become effective and subject to the terms and conditions of this Agreement once mutually agreed and signed by both parties.

Lay out what will be accomplished, and when. Include deadlines, milestones, and other relevant information. Think of it as the verbal, more friendly version of the Terms and Conditions (see below). After all, a large factor in meeting your own deliverables is having a cooperative partner on the other end.

A statement of work should contain; an overview, governance detail, the approach, phases and tasks, deliverables, timeline and milestones, estimate and payment schedule, and any assumptions.

A statement of work (SOW) is a document that provides a description of a given project's requirements. It defines the scope of work being provided, project deliverables, timelines, work location, and payment terms and conditions.

The statement of work should include:All deliverables and due dates.The individual tasks that lead to the deliverable, and who these tasks are assigned to.The resources needed for the project including facilities, equipment, and QA procedures.The governance process for the project.Costs and deadlines for payment.

How to Write a Good Statement of WorkIntroduce the project.Define the vision.Set the project requirements.Define the scope.Set the deadline of the project.Allocate key resources.Create the schedule.Specify the terms of payment and due dates.More items...?10 Sept 2020

A statement of work is legally binding, but it is not the final, formal contract signed at the end of the contracting process. It can be thought of as the formal foundation of a final contract.