What are Standard Agreements?
Standard Agreements are free-to-use, neutral agreements that are implemented and customized by a Cover Page. The following Standard Agreements published by Bonterms are available through the Bonterms Platform: Mutual NDA, Cloud Terms (SaaS), Professional Services Agreement (PSA), Business Associate Agreement (BAA) and Data Protection Addendum (DPA). Always have legal counsel review a Standard Agreement before use.
What do you mean by “neutral”?
Bonterms Standard Agreements are designed to meet the core needs of each party to the transaction but not favor either. Because Standard Agreements are not drafted by either party, they provide a “neutral” starting point for a transaction.
Why use a Standard Agreement?
Using a Standard Agreement allows you to skip the battle over whose form to use, focus your negotiation on key deal points and have a complete record of your deal in one place on your Cover Page.
Who drafts Standard Agreements?
Bonterms Standard Agreements are drafted by a Committee of 100+ cross-industry lawyers and undergo multiple rounds of review and feedback to help ensure they reflect industry best-practices.
Does anyone use these?
Yes. Bonterms Standard Agreements have been accessed over 90,000 times. Check out some success stories by some of the leaders in the industry.
Are Standard Agreements free to use?
Yes. Bonterms Standard Agreements and Standard Playbook Items are free to use. Bonterms Standard Agreements are made available under the open source document license CC BY 4.0. Bonterms Standard Playbook Items are made available with all copyright disclaimed under CC0 1.0.
Where can I learn more?
You can learn more about the drafting process and people behind Bonterms Standard Agreements.
Do I need to have Standard Agreements and Playbook Items reviewed by a lawyer?
Yes. Make sure to have a lawyer review any Bonterms Standard Agreement, Cover Page, Playbook Items, or other resource before use in any circumstance.
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