Depending on the nature of the project, there will be specific milestones that can include design reviews, acceptance tests, and deliveries. Generally, Microsym will quote a fixed price to deliver a product that meets a mutually agreed upon specification. We usually work with the customer to refine the specification prior to quoting the project. Microsym may quote time and materials. Payment of development projects is normally spread over the term of the project, including an up-front deposit.
Payments are usually due upon certain milestones such as design reviews or deliveries.
The customer assumes full responsibility for project financing. All orders are noncancellable and nonreturnable. The intellectual property relating specifically to that project will become the property of the customer once the project has been paid for in full. In all cases, the quotation provided to the customer will detail the specific terms and conditions that apply to that individual project. Microsym Computers Inc. All rights reserved.