Statement of Work (SOW)

Defines the business purpose of the engagement, the consulting services to be performed, and the boundaries of the approved project scope.

Identifies each required deliverable and links completion to measurable standards, specifications, or expected outcomes.

Sets project start and end dates, milestone deadlines, required client inputs, and schedule dependencies that may affect performance.

Establishes the procedure for client review, requested revisions, deemed acceptance, and written approval of deliverables.

States compensation, payment timing, reimbursable expenses, invoice requirements, late payment consequences, and taxes if applicable.

Protects confidential business information exchanged during the engagement and limits use of client data and materials to the project.

Requires written approval for changes to scope, deliverables, timing, assumptions, or fees and clarifies cost implications of additional work.

Addresses termination rights, payment for work performed, suspension for nonpayment or delay, escalation of disputes, and related risk allocation.