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