In order to run your business successfully in today’s competitive world, it is critical for every decision maker to develop a business software that is helpful in several business operations. Developing business software is not a tedious job, but building the finest software that works like a live-wire in your business process is a responsible and time taking job.
To develop an effective business software, it is quite important to hire a professional having years of expertise in this field, and able to develop customized software, as one size never fits for all. Being a software development client, you must complete a thorough “due diligence” before hiring a developer for your critical project, and complete the finalization process of drafting and executing the legal contract and agreements. Signing a legal contract in advance surely mitigate the risk during software development process. Here are some crucial tips that can help your company cover its legal bases when contracting a software developer, or vice versa.
1. Hourly or Fixed-cost Contracts
In an hourly contract, the client assumes the burden of cost overruns, whereas in a fixed cost project the developer assumes this risk. Fixed-cost contracts also have a great chance to create disputes. Often, deliverables that were expected might not get fulfilled at the end. It comes with a fixed scope of work, unless additional moneys are paid.
In an hourly contract, the software developer gets paid on an hourly basis. The motivation to finish early may be diminished by the opportunity to bill more hours. In this case, the client takes the risk that the developer will prioritize his own desire to profit on the project.
2. Formal Note on Contracts and Non-Disclosures
These are legal policies which establish the rights, responsibilities and privileges of those who are a party to the agreement. These policies defend both parties to the extent that they are willing to pursue them in a court of law.
3. Advanced Payment
Many contracts based on advanced payment system. Most of the developers work on the client’s money, and therefore, the client takes the risk for the developer’s potential. This is the basic norm in the information technology field. Very few developers will take money out of their own pockets to develop a client’s project.
4. Disappearing Freelancers
After scouring the internet, the company finds freelancer online. Initial contacts with the professional indicate great responsiveness. Payment is done, a few healthy conversations take place, some small progress is shown, then all communication goes dark and the freelancer disappears. Freelance software developers do offer great expertise, and cheaper rates by comparing to other authentic professional due to lower overhead.
If you are looking for software professionals, then surely India is the finest destination in comparison to other countries. India is the largest producer of software professional and that’s why the reason Software Development India becomes the top choice among the world-wide software development clients.