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ummary: Burroughs principal Thomas lawyers is an award-winning law firm specializing in technology, intellectual property, and corporate law. The firm is passionate about these areas of practice and in this video, they discuss software development agreements. These agreements involve two types - agile and waterfall methods. It is important to be precise in drafting clauses to avoid misunderstandings about the development process. Key clauses in these agreements include client requirements, scope of work, payment terms, and intellectual property rights. Software development agreements aim to clarify what needs to be developed, how, and when.