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 PSA was drafted by the Bonterms Standard Agreement Committee. The PSA went through seven major drafts and multiple meetings, surveys and discussions over eight months.
- Review the PSA Terms with your lawyer.
- Prepare your Cover Page (example).
- Identify the parties and Key Terms: Effective Date, Rights in Deliverables, Governing Law and Courts.
- Note: for Rights in Deliverables, you must specify if Deliverables will be provided as Licensed Deliverables or Assigned Deliverables by default (example).
- Propose any Additional Terms (examples).
- Incorporate any Attachments by reference.
- 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 SOWs (example).
The PSA and all other Bonterms Standard Agreements are free to use under CC BY 4.0.
Reach out to support@bonterms.com.