Bonterms Help Center

How to Use the Bonterms PSA

Use the Bonterms Professional Services Agreement (PSA) to standardize the legal terms governing the provision of professional services and related deliverables. The PSA is implemented through a Bonterms Cover Page that incorporates the PSA by reference, and can be used together with Statements of Work (SOWs) that define the scope, pricing, and timing of services.

  1. Review the PSA with your lawyer or legal counsel (see example).
  2. Prepare your Cover Page (see example):
    • Identify the parties and complete the 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.
    • Propose any Additional Terms (additions to, or modifications of the PSA; see example)
  3. Incorporate any Attachments by reference.
  4. Send the Cover Page (and any Attachments) to your counterparty.
  5. Negotiate the Cover Page and Attachments, and sign the Cover Page to create your PSA Agreement!
  6. Issue or receive Statements of Work (SOWs) under the PSA (see example).

For additional information, see our Bonterms PSA Explainer.

 

FAQs for the PSA

Why are you on Version 1.2 of the PSA?

  • Version 1.2 of the PSA was released to improve the use of a defined term based on user feedback. Details of the changes are available in the Version History
  • You can read more our Standard Agreements here.

 

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