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In this video, Thomas Lawyers, an award-winning technology, intellectual property, and corporate law firm, discusses software development agreements. There are two main types of agreements: agile and waterfall methods. Precision in drafting clauses is essential to avoid misunderstandings. Common clauses include client requirements, scope of work, payment terms, and intellectual property rights. Pitfalls in software development agreements can arise from ambiguous language or unrealistic deadlines.
