Statement of Work
This Statement of Work can be used alongside a Master Services Agreement or similar to provide details or specifications of a project.
(0 reviews)
Last updated December 16, 2024
Under 10 minutes
Suitable for Australia
Written by
Edwin Montoya Zorrilla
Reviewed by
Damin Murdock
Document Overview
This document does not contain any terms sufficient to constitute a whole services agreement, and we recommend using it alongside a Master Services Agreement.
It is structured to allow the details of a project to be given within a flexible framework.
The Legal Risk Score of a Statement of Work Template
Our legal team have marked this document as low risk considering:
- The document lacks specific details regarding the tasks and deliverables, which could lead to misunderstandings about the scope of work and expectations from both parties.
- The pricing and payment terms are presented in a template format with placeholders, suggesting that financial details need to be carefully reviewed and finalized to prevent future disputes over payment amounts and schedules.
- The absence of explicit acceptance criteria in the "Acceptance" section may complicate the process of confirming the completion and satisfaction of the project deliverables, potentially leading to disagreements on project completion.
Statement of Work Checklist
Complete your free Statement of Work with our checklist
Review and Customize Details
Ensure that all placeholders and sections such as [DATE1], [AMOUNT1], and tasks and deliverables are reviewed and customized to accurately reflect the specific agreements and expectations between the parties.
Confirm Payment Terms
Double-check and confirm the payment terms including the amounts and scheduled dates to ensure they align with the project's timeline and budget.
Sign and Secure Signatures
Both parties should sign the document to formalize the agreement, and ensure that each party retains a copy of the signed document for their records.
Monitor Milestones and Deliverables
Regularly review the project's progress against the agreed milestones and deliverables to ensure timely execution and address any issues or adjustments needed promptly.
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