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Statement of Work

A contract annex specifying deliverables, timelines, acceptance criteria, and fees for one particular engagement.

What it means in practice

The statement of work translates a broader agreement into project-specific tasks, milestones, responsibilities, and commercial terms. It often defines how submissions are reviewed, when revisions are due, and what triggers invoicing or payment.

Why it matters

A precise statement of work gives both parties an objective basis for managing delivery, approval, and fees.

How it is used

A campaign team attaches an SOW listing each video, deadline, revision round, acceptance requirement, and payment milestone.

Also called

SOW

Related terms

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