Enterprise SaaS/Cloud subscription terms, balanced between customer and provider.
Bonterms is simplifying commercial contracting through Standard Agreements. Our Standard Agreements let the parties start from a balanced foundation and negotiate by Cover Page, not redlines. The Bonterms Platform leverages our Standard Agreements to take collaborative dealmaking to the next level. Bonterms is lawyer-led and funded by XYZ Capital and Wilson Sonsini.
The Cloud Terms were drafted by the Bonterms Standard Agreement Committee. The Cloud Terms went through six major drafts, three sub-committees (Data, Risk and General Terms) and multiple meetings, surveys and discussions over seven months.
- Review the Cloud Terms with your lawyer.
- Prepare your Cover Page (example).
- Identify the parties, Effective Date and other Key Terms.
- Propose any Additional Terms (examples).
- Name the Agreement you are creating (for example, “Cloud Services Agreement”).
- Incorporate any Attachments by reference (example).
- Add any Support Policy (example), Acceptable Use Policy (example), Security Policy or other Attachments by linking or attaching on the Cover Page.
- If you want to add the Bonterms SLA, see guidance here.
- If you want to add the Bonterms DPA, see guidance here.
- Send your Cover Page (and Attachments) to your counterparty.
- Add a cover note or try our Explainer.
- Negotiate the Cover Page and Attachments.
- Sign the Cover Page and create your Agreement!
- Issue or receive Orders (example).
The Cloud Terms and all other Bonterms Standard Agreements are free to use under CC BY 4.0.
Reach out to support@bonterms.com.