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This report provides insight into IT contracts, principally in respect of business-to-business transactions. It provides advice and guidance in explaining and understanding the structure and content of different kinds of IT contracts, for reviewing, negotiating and drafting purposes. It also takes into consideration the various legal and commercial entities in order to successfully manage risk, avoid costly mistakes and reflect the details of the transaction. Legal explanations are provided from a commercial perspective. Areas covered include: IT contracts to their commercial context; The legal environment affecting IT contracts and jurisdiction for international contracts; Objectives of contracts, and their use in risk management and investment; Licensing of application software; Contracts for software development and for website development; Services agreements, for maintenance and support, contracting and outsourcing; Regulation and requirements of e-contracts and websites; Confidentiality and security in IT contracts.