General Bonterms FAQs
What is Bonterms?
Bonterms is simplifying commercial contracting through Standard Agreements. Our market-calibrated 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 Next Coast Ventures, XYZ Capital and Wilson Sonsini.
What is a Bonterms Standard Agreement?
Standard Agreements are neutral, industry-standard agreements that are implemented and customized by a Cover Page. Bonterms Standard Agreements are vetted by our Committee, designed to be balanced between the parties and free to use.
Bonterms Standard Agreements are available publicly at bonterms.com and can also be used and negotiated collaboratively through the Bonterms Platform.
See our Standard Agreements FAQs page for more detail.
Is Bonterms free?
Bonterms Standard Agreements are free to access on bonterms.com.
Recipients can review and sign deals on the Platform for free.
Sending deals through the Platform requires a paid account.
Who is the Bonterms Platform for?
The Bonterms Platform is designed for companies that want to standardize agreements and streamline negotiations using Bonterms Standard Agreements.
Senders (customers) use the Platform to create, manage, and send deals.
Recipients can review, negotiate, and sign agreements without creating an account.
Whether you're an enterprise legal team or an individual reviewing your first agreement, Bonterms helps both parties reach agreement faster - eliminating redlines.
If you're unsure whether Bonterms is a good fit for you, contact us today!
Is Bonterms a party to my agreement?
No. Bonterms is not a party to your contract. It provides Standard Agreements and a neutral workflow to help parties reach agreement efficiently.
Who drafts Bonterms agreements?
Bonterms Standard Agreements are drafted and maintained by a committee of 120+ cross-industry lawyers and undergo multiple rounds of review to reflect common market positions and best practices.
Recipient FAQs
Visit our Recipient FAQs help topic for detailed information about reviewing, negotiating and signing as a guest user.
General Platform FAQs
What are the stages of a Deal?
Deals move through three stages:
Guided Review – Both parties review and negotiate Key Terms and Additional Terms.
Approval (Confirm for Recipients) – Internal approvals are completed (if applicable).
Signature – The agreement is sent to Docusign or HelloSign for execution.
Why can't I advance my deal?
First, check the top navigation bar to see if it is your turn.
If it is not your turn, you are in view-only mode until your Counterparty sends the Deal back to you.
If it is your turn:
- In Guided Review, make sure you’ve accepted or proposed changes to all Key Terms, Additional Terms, and Attachments.
- In Approval, ensure all required Approvers have approved (or been removed, requiring Supervisor-level permissions).
Read more about moving between Deal Stages here.
Do I need an account to use Bonterms?
No. Recipients can review, negotiate, and sign entirely as a guest via secure email links.
You only need an account if you want to:
Send deals
Manage team members
Create internal playbooks
What are the types of Accounts?
- Guest: Recipients of Deals are guest users until they create an Account.
- Free: Able to Manage Team Members and create an Internal Playbook.
- Paid: Able to send Deals. Contact sales@bonterms.com.
How do I create an Account?
Click the Bonterms logo in top left of Platform and follow the steps here.
How do I Add a Team Member to a Deal?
To add internal team members:
Create an Account.
Add users to your Organization via the Team page
Open the deal and click Deal Team to assign roles (Viewer, Reviewer, Approver, Owner)
Our friendly support team is here to help you!
- Use this Help Center
- Chat with a live agent during regular business hours through the Help button.
- Email support@bonterms.com
Updated