A development contract template is ready to use document which lays down the format in which a development contract is designed. Such templates are ready to use and can be flexibly used according to need and requirement.

Sample development contract template:

Contract code: _________ [here a contract code which is fixed for this kind of a development contract must be written]

Effective date: ___/_____/_______

This development contract is made between ____ [Name of the 1’St Party] who is referred to as ___________ [title of the 1’st party] and _______ [name of the 2’nd party] who is referred to as _________ [title of the 2’nd party]

Contact details of the 1’st party:

Address: ______ [address of the 1’st party]

Phone: ___________ [phone number of the 1’st party]

Contact details of the 2’nd party:

Address: _______ [address of the 2’nd party]

Phone: _________ [phone number of the 2’nd party]

Details of the _____development

__________________ [here mention the various details of the kind of development contract]

Terms and conditions:

  • Payment Details:

The 1’St Party shall pay an amount of $_____ to the 2’nd party.

This amount shall be paid as ______ [mention various payment criterion]

  • Term of the Contract:

Termination date of the contract: __/_______/____ [date/month/year]

Total period of contract: ________

  • The contract shall end in the situation of ________ [mention the situation under which the contract can end abruptly.
  • The 1’St party shall be obliged to___________[mention the various obligations of the 1’St Party]
  • The 2’nd party shall be obliged to _________[mention the various obligations of the 2’nd party]

Signatures:

Signature of 1’st party                  signature of 2’nd party

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