The statement of work (SOW) is a document used by businesses and freelancers to define the scope of a project, establish clear communication channels, and set boundaries. It covers essential details such as tasks, deliverables, timelines, resources, budget, pricing, and payment schedules. A well-crafted SOW helps prevent scope creep, ensures efficient project management, and protects both parties' interests. By using a template like the one provided, freelancers can establish a solid foundation for their client relationships and ensure successful projects.