Software Development Agreement This Software Development Agreement ("Agreement") is made and effective this __________ (Date), by and between ______________________________________________ ("Developer") and _______________________________________________________________("Buyer"). In consideration of the mutual promises contained in this Agreement, the parties agree as follows: 1. Duties and Responsibilities. Developer shall serve as a contractor of Buyer, defined by the IRS as a 1099 Contractor, and shall design, develop, and implement applications software ("Software") according to the functional specifications and related information, if any, attached hereto as Exhibit A and incorporated herein by this reference ("Specifications") and as more fully set forth in this Agreement. Developer acknowledges that it has been contracted for this specific task, and that it shall report all findings and make all recommendations directly to the management of Buyer. The Software, including all versions in either source code or object code form, shall be delivered to Buyer not later than ___________ (Date). 2. Ownership of Software. Developer agrees that the development of the Software is "work for hire" within the meaning of the Copyright Act of 1976, as amended from time to time, and that the Software shall be the sole property of Buyer. Developer hereby assigns to Buyer, without further compensation, all of its right, title and interest in and to the Software and any and all related patents, patent applications, copyrights, copyright applications, trademarks and trade names in the United States and elsewhere. Developer will keep and maintain adequate and current written records with respect to the Software (in the form of notes...
