Who will own our website's content and code?

You will. I build most new websites using Drupal, which is "open source" — both the core code and any contributed modules. This means that I don't own any of the code, and it is licensed to be freely used by you. Non-Drupal third-party applications, which are typically not needed for the websites I build, are owned by their respective creators, and usually offer a license for use by anyone, without charge. You will own the text, images, and other content that you create, including anything edited by me. Copyright and ownership of the complete website are transferred to you, the client, only when full payment for the project is received.

I reserve the right to use a screenshot and description of the website in marketing materials, which at this time is only the portfolio section on my website.