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A statement of work is a legally binding agreement between a client and a vendor that describes the terms and conditions for the execution of a project's scope of work. There's a lot of information to describe in the SOW.

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.

A Statement of Work is used by Project Managers to set out the scope, timeline, milestones, targets, fees, and deliverables for a particular project. Both sides will agree to the SOW, which is a legally binding agreement, and the deliverables will dictate when payments are made.

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.

Why Use a Statement of Work Template? A statement of work or SOW, is a legally binding agreement between a client and a vendor, service provider or any party executing a project. It basically defines the scope of work, and the agreed-upon conditions before the project start.

Who puts statements of work together? Like most project management documents, SoWs are best written collaboratively. However, there are two main parties involved: the client or service provider and the company. SoWs need to be approved by two parties before work on your project really begins.

A statement of work is a legally binding agreement between a client and a vendor that describes the terms and conditions for the execution of a project's scope of work.