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The text discusses software development agreements, outlining two broad types: agile and waterfall methods. It emphasizes the need for precise drafting of clauses to avoid misunderstandings and specifies common clauses found in such agreements. The agreement typically includes client requirements, specifications, timelines, ownership rights, and payment terms. The firm, Knockin Burroughs, specializes in technology, intellectual property, and corporate law, with a dedication to these practice areas.