Building relationships with the client is the cornerstone of custom development. The right type of contract helps minimize risks and increase the chances of a positive outcome for both parties: the customer and the development company. Let's review one of the most common pricing models in outsourcing - Time and Materials contract.
There is a common sense in such uncompromising protection of your ideas. Especially if you’re running a company like Apple Inc. that builds its marketing strategy around intrigue and conspiracy. Or if you’re investing billions of dollars into R&D. And truth be told no one would violate confidentiality agreement signed with such companies.
Calculating the total cost of IT services has always been a challenge, but the changing nature of IT coupled with unexpected expenses revealed during the COVID-19 crisis could leave your organization exposed to even more surprises charges.
A non-disclosure agreement (NDA) is a legally binding contract that establishes a confidential relationship. The party or parties signing the agreement agree that sensitive information they may obtain will not be made available to any others. An NDA may also be referred to as a confidentiality agreement.