A SOW sounds like a giant pig but in legal terms it is considered a "Statement of Work". According to the business dictionary a SOW is defined as,"Detailed description of the specific services or tasks a contractor is required to perform under a contract. SOW is usually incorporated in a contract, indirectly by reference or directly as an attachment". In other words it is the beginnings of a contract and details between two entities is under common law practices. In todays digital age certain contract formalities have become less rigorous due to the lower cost for jobs especially when it comes to freelance work. Smaller scope projects are not costing thousands of dollars due to the supply of freelancers and companies I have discussed like Fiverr and Upwork. Accord ing to th e, "Payoneer's 2018 Income Survey indicates that hourly rates for freelancers fall between $11 and $28 depending on the industry, with the average income for freelancers being ...
Legal Questions from an Entrepreneur