Product Management Product Owner Document

Product Management Product Owner Agreement

This Product Management Product Owner Agreement ("Agreement") is entered into as of Effective Date: by and between Company Name: and Product Owner Name: .

WHEREAS

WHEREAS, Company develops, markets, and supports products and desires to engage a qualified Product Owner to lead product definition, backlog prioritization, stakeholder alignment, and acceptance of product deliverables; and

WHEREAS, Product Owner represents that Product Owner has the requisite experience, skill, and authority to perform the duties set forth in this Agreement and will perform such duties in accordance with the terms below; and

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows.

Parties and Contact Information

Scope of Work

The Product Owner shall perform the duties described below and any additional duties reasonably related to product management as agreed by the parties in writing.

Responsibilities; Acceptance Criteria

The Product Owner is responsible for maintaining a prioritized product backlog, authoring and approving user stories and acceptance criteria, and formally accepting deliverables consistent with agreed acceptance tests. Acceptance of a deliverable shall occur only when the deliverable conforms to the written acceptance criteria and any defects are remediated in accordance with the defect resolution procedure set forth herein.

Backlog Prioritization and Change Control

The Product Owner shall prioritize the product backlog based on business value, technical dependencies, and stakeholder input. Material changes to scope that affect schedule or budget require written approval by Company. Change requests shall be documented, costed, and approved prior to implementation.

Payment Terms

Company shall pay Product Owner in accordance with the following fee schedule.

Term and Termination

This Agreement commences on Start Date: and continues until End Date: unless earlier terminated as provided below.

Either party may terminate this Agreement for convenience upon written notice delivered not less than days prior to termination. Either party may terminate for material breach if the breach is not cured within 30 days after written notice.

Confidentiality

The parties acknowledge that during performance they will exchange confidential information. Each party shall (a) hold confidential information in strict confidence, (b) not disclose it to third parties except as necessary for performance, and (c) use at least the same degree of care to protect such information as it uses for its own confidential information, but no less than reasonable care. Confidentiality obligations survive termination for a period of three years, except for trade secrets which shall remain protected for as long as they qualify as trade secrets under applicable law.

Intellectual Property

All deliverables and work product created by Product Owner in connection with this Agreement shall be deemed "work made for hire" and assigned to Company. To the extent any such work product does not qualify as work made for hire, Product Owner hereby assigns and agrees to assign all right, title, and interest in such work product to Company. Product Owner shall execute documents reasonably requested to effectuate such assignment.

Indemnification

Product Owner shall indemnify, defend, and hold harmless Company from and against any claims arising from Product Owner's gross negligence, willful misconduct, or material breach of this Agreement. Company's indemnification obligations are limited to claims arising from Company's gross negligence or willful misconduct.

Governing Law; Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of the State of , without regard to conflict-of-law principles. The parties shall first attempt to resolve disputes through good faith negotiation; if unresolved within 30 days, disputes shall be resolved by binding arbitration in the county of Company's principal place of business unless otherwise agreed in writing.

Entire Agreement; Amendments

This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements and understandings. Any amendment or modification must be in writing and signed by authorized representatives of both parties.

Miscellaneous Provisions

Neither party may assign this Agreement without the prior written consent of the other, except that Company may assign to an affiliate or in connection with a merger or sale of substantially all assets. If any provision is held unenforceable, remaining provisions shall remain in full force. Headings are for convenience only and do not affect interpretation.

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