Deal Terms Sheet Template

This Agreement is entered into as of [Date] between:

Party A: [Company Name], [Address] ('Provider')
Party B: [Company Name], [Address] ('Client')

 collectively 'the Parties'.

The Provider shall deliver the following:

1. [Deliverable 1 with specifications]
2. [Deliverable 2 with specifications]
3. [Deliverable 3 with specifications]

Out-of-scope items will be handled through a formal change-order process with separate pricing and timeline.

Total Agreement Value: $[Amount]
Payment Schedule:
• [X]% upon signing ($[Amount])
• [X]% upon [Milestone 1] ($[Amount])
• [X]% upon completion ($[Amount])

Payment Terms: Net [30/45/60] days from invoice date.
Late Payment: [X]% monthly interest on overdue amounts.

Project Start: [Date]
Milestone 1: [Deliverable] — due [Date]
Milestone 2: [Deliverable] — due [Date]
Project Completion: [Date]

Delay Clause: Either party may request a [X]-day extension with [X] days written notice. Extensions beyond [X] days require mutual agreement.

Work Product: [Client/Provider] retains ownership of [pre-existing IP]. New work product created under this agreement belongs to [Client/Provider] upon [full payment / delivery].

License Grant: Provider grants Client a [exclusive/non-exclusive], [perpetual/term-based], [worldwide/regional] license to use the deliverables for [purpose].

Either party may terminate with [X] days written notice.

For Cause: Immediate termination for material breach, with [X] day cure period.

Upon Termination: Client pays for all work completed to date. Provider delivers all completed work product within [X] days.