i have a question regarding software development contracts.
Take for instance two company, A and B whose primary business mainly involves the reconfiguring and resale of microcomputer system.
Company A and company B had a signed letter agreement which tasked company B to build a video editing system for company A. After the completion of the system, company B will have the rights to own one half interest in the software.
In such a situation, is it a normal contract or is it a software development contract.