What should be included in a contract's "schedule of deliverables"?

The inclusion of a detailed timeline outlining when goods or services must be delivered is essential in a contract's "schedule of deliverables" as it ensures clarity and accountability for all parties involved. This timeline specifies the exact dates or periods when each deliverable is due, which is critical for project management and helps to establish expectations regarding performance.

Having a well-defined schedule of deliverables enables all parties to coordinate their efforts effectively, monitor progress, and address potential delays proactively. It serves as a key reference point throughout the duration of the contract, allowing stakeholders to track when specific actions must be taken and reducing the risk of misunderstandings about timing.

While listing all parties involved, summarizing the contract's objectives, and providing an overview of financial commitments are all important aspects of a contract, they do not serve the specific purpose that a timeline does within the context of deliverables. The schedule of deliverables is focused on the "when" aspect of the contract's execution, which is crucial for meeting deadlines and ensuring successful contract performance.