Whenever you start a new project you should have a contract that outlines things like the scope of work, payment schedule and terms, timeline, and intellectual property ownership. The contract should describe what happens in bad situations, such as cancellation of work, late payment, etc. Bonsai is there for you.
Bonsai is a tool for freelancers and consultants to create, sign, and store work contracts, as well as accept payments and escrow for their work. The contracts component is available today, while the payments and escrow component is currently in private beta. Right now Bonsai supports work contracts for creative professionals. These contracts cover things like payment terms, intellectual property ownership, etc.
License: License Free