What is a Source Code Agreement?
A source code agreement is a legal document that lays out the terms and conditions between a software programmer and a client. Typically this document covers the software used by the developer, payment method, terms and conditions, restrictions, warranties, termination clause, indemnity, and written notice.
How to Create a Source Code Agreement?
Build trust between you and the other entity by ensuring that you're actually doing the right thing with your source code agreements. To make this sure, don't hesitate to go through our list of guidelines and tips on how to make your own source code agreement.
1. Negotiate With the Other Party
Every agreement should start with a discussion and negotiation between the entities involved that can yield an easier and better-written agreement. If an escrow is involved, both entities should agree to this decision and should be documented. As a matter of fact, it is actually advisable that you take notes of everything discussed during the negotiation, this can help build the main clauses of your legal agreement.
2. Draft the Content
Based on the details that you have taken down during your meeting with the representative from the other entity, you can start creating a draft of the source code agreement. Even if this is a sample draft, don't take this for granted and try to write this as professionally as possible and make it comprehensive. To make your draft easier to read, you might want to use bullet points and focus on important keywords.
3. Encoding the Document
Once you've done drafting the content of your basic agreement, you can start encoding the same content onto a word processing application. Depending on your preference, you have the option of using either Microsoft Word, Google Docs, or Apple Pages for encoding your source code agreement. Of course, you should start first with the header which includes the date, yours and the other party's address, and the name of the recipient.
4. Structuring the Agreement
After encoding the header, you can start structuring the main body of the content starting with a paragraph that explains the purpose of the agreement. Without cluttering the layout, try to incorporate as much detail as you can in this simple agreement, outline the tasks, and explain deadlines or timelines. Like other agreements, make sure to also add a non-disclosure or confidentiality clause.
5. Send the File or Document for Review
Before you decide to finalize your source code agreement, take the time to review everything from top to bottom to determine whether or not errors need to be corrected. Also, it might be best to send a copy of the formal document to the attorney for review. However, make sure that you also agree with their suggestions before making any changes.
6. Finalizing the Agreement
The last step in the process is finalizing your source code agreement and preparing to print copies for both parties. After doing so, you and the other party should affix your signatures on the document for legal purposes. Speaking of legal, you might also want to take things further by getting your source code agreement notarized.