PSA – Professional Services Agreement Template

If you are selling software development services beyond just straight staff augmentation you will need to put together a Professional Services Agreement [PSA] & Statement of Work [SOW] prior to engaging on the “Project“.

Putting together PSAs & SOWs can take a lot of time and that’s even if you have a good framework to start with.  Areas a good PSA should cover at a minimum are:

  • Confidentiality
  • IP – Intellectual Property Rights
  • Ownership
  • Licensing – Open Source needs to be covered too.
  • Infringement
  • Indemnification
  • Warranty
  • Payment Terms
  • Term of Engagement

The SOW needs to include at a minimum:

  • Description of work to be performed
  • Receivables
  • Deliverables
  • Milestone Payment Schedule
  • Special terms beyond the PSA

You can find a PSA Template in the ETP Store that I’ve used for quite a few years.  While documents like these always need to be modified somewhat depending on the precise use case, this is a great place to start.  It will literally save you weeks of work per year.

Share
This entry was posted in Business Process, Sales Management, Templates, Tools. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *