Ask HN: Sample for web development contracting agreement?

1 pointebaysucks2 comments

I am about to hire a web development shop to make the 1.0 version of my new project.

I won't use Odesk, Elance or any such service.

What are the key components the contract should cover?

So far I have: - Description of deliverables - Timeline of project - Payment schedule if timeline is met - Financial punishment for failing timeline - IP goes to client - Assigning arbitrator in case of unresolvable dispute - Service level agreement

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