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Statement of Work (SOW) Contract Fundamentals, by Lorman

Statement of Work (SOW) Contract Fundamentals is brought to you by Lorman

Minimize risk and ensure you have the appropriate contractual provisions in place.

While a Statement of Work is generally used in conjunction with a Master Services Agreement (MSA) or document containing the terms and conditions between the parties, its provisions can be equally, if not more, important to a successful project. The provisions in an SOW be-come especially important when something goes wrong with a project or if the parties begin to disagree. Having appropriate contractual provisions in place can be one of the only ways to minimize risks.

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