How to Create an IT and Software Contract in Google Docs
Contracts are essential in business transactions in order to have a legal and binding agreement between the parties. Whether the company is offering and outsourcing freelance programming jobs, technical support, or software programmer or even making arrangements with vendors and clients, a contract that details the terms and conditions of the transaction is important.
So, to help you come up with a formal and professional contract, apart from the sample contract our site, the tips below will also help you:
1. Identify the Parties
In a contract, the first thing that must appear is the parties. Identifying the parties would clarify who is responsible for providing products or services or who has an obligation to give, to do, or not to do. You must be specific when mentioning the parties, whether the other party is an individual or an organization.
2. Set the Terms
Depending on the type of contract that you are creating, you need to specify the terms that the parties must agree upon. For example, if you are dealing with a client who wanted to purchase software applications, you may include the terms for pricing, warranties, licenses, intellectual property rights, and confidentiality. To avoid missing items in your terms, you may create a list or a checklist as they provide advantages in helping you recall important terms and conditions.
3. Specify the Obligations
You need to be clear about the obligations of both parties. Continuing the illustration, the obligation of the seller is to provide a high-quality software product to the client. On the other hand, it is the obligation of the client to pay for the product, follow the terms and conditions, and adhere to the license agreement.
4. Ensure Confidentiality
In most cases, IT and software products entail copyrights, patents, and licenses. The other party to the contract must be aware of the confidentiality of the intellectual property as well as the confidentiality of the agreement. Make sure to mention that not keeping confidentiality would equate to breaching the contract.
What is an IT/software contract?
An IT/software contract governs the agreement between two parties in an IT and/or software transaction. It details the obligations of the parties, terms and conditions, payment terms, guarantees, among others.
What are the four requirements for a valid contract?
For a contract to be valid, it must have the following requirements:
How do you make a contract legal?
In order for a contract to be legally enforceable and valid, it must contain these two elements:
- All parties must be in agreement or must have a meeting of the mind.
- The parties must exchange something of value, such as goods or services.
What are the different types of defective contracts?
The different types of defective contracts are as follows:
What are the remedies of defective contracts?
Defective contracts can be remedied through the following:
- Rescissible - recission
- Voidable - annulment
- Unenforceable - ratified
- Void - none; there is no remedy for a void contract because essentially there is no contract in the first place