SoW
Statement of Work
A signed contract that names a deliverable, a price, and a deadline, and legally binds the vendor to all three.
A Statement of Work is the document that turns a verbal agreement into a contract. It lists the deliverable in concrete terms ("feature X live on production, passing acceptance criteria A, B, C"), the price, the deadline, and the conditions for sign-off.
In Austrian and German law the corresponding instrument is the Werkvertrag, which is stronger than the English-language SoW: the vendor is legally bound to deliver the work, not just to provide effort. A Time & Material contract under the same legal framework is a Dienstvertrag, which only obliges effort. Wavect’s fixed-price engagements are Werkvertrag contracts.
The SoW is also the document that prevents scope creep. Anything not in it is by definition out of scope and gets handled with a change request. This is not legalism; it is the only way both sides can agree on what "done" means without arguing six months in.