Standard Agreements for the Enterprise
Negotiate by Cover Page, not redlines
Enterprise SaaS/cloud service subscription terms balanced between customer and provider.
“I’m a huge supporter of standards based contracting and the approach the Committee took with the Bonterms Cloud Terms. This is the future.”
Head of Commercial Legal, Miro
“We view using the Bonterms Cloud Terms for Dataiku Online as a way of building trust with our customers. The terms were vetted by experts and in-house counsel at leading companies to create a balanced, frictionless contracting experience.”
Director of Legal, Dataiku
“We’re adopting the Bonterms Cloud Terms and NDA as an option for our customers because we believe these terms reflect market and will lead to a faster, better substantive result for both sides.”
Director, Legal, Abnormal Security
“What’s valuable about this effort is that a group of experienced lawyers got together to decide that a set of terms was neutral, reasonable and customary, and that’s what the Bonterms stamp signifies to me.”
Partner, Tech Law Partners LLP
How to Use the Cloud Terms:
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).
- Attach any Support, SLA, DPA or other Attachments
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 Cloud Agreement!
Issue or receive Orders (example).
How to Use the Mutual NDA:
Have your lawyer review the NDA.
On the Cover Page, fill in the Key Terms, add the party names and make any proposed edits to the NDA in the space for Additional Changes.
Send the Cover Page and NDA to your counterparty. Negotiate only the Cover Page!
Sign and close!
Our Open Source Forms Committee is composed of in-house and law firm lawyers, negotiation professionals and law faculty and students. We are extremely proud of this group and appreciate their extensive efforts in reviewing, commenting on and otherwise improving our forms.
Bonterms is simplifying commercial contracting through standard agreements. Our enterprise Cloud Terms and NDA let the parties start from a balanced foundation and negotiate by cover page instead of redlines. Our Negotiation as a Service platform will leverage our forms to take collaborative dealmaking to the next level.
Todd Smithline is Co-Founder and Chief Executive Officer at Bonterms.
Todd has been designing, negotiating and teaching contracts for nearly thirty years.
Todd was General Counsel of Marimba, an enterprise software company he helped lead from start-up to successful public company. After Marimba Todd founded Smithline PC, a boutique technology transactions firm that represented category-leading Silicon Valley software/SaaS, platform and device companies and pioneered fixed-fee subscription billing. Todd started his legal career with Latham & Watkins and Gunderson Dettmer.
Todd teaches at UC Berkeley School of Law and is a board member or advisor to multiple start-ups.
Todd is a graduate of Tufts University and UCLA School of Law.
Chris Walker is Co-Founder and Head of Product at Bonterms.
Chris has over a decade of experience in enterprise software. As a product leader at Palantir Technologies, Chris led teams building analytics software for Fortune 500 customers in the Banking, Oil & Gas, and Health Insurance sectors. Following Palantir, Chris held product leadership positions at DataFox, Oracle and DraftWise, a legal tech startup.
Chris is a graduate of Stanford University.
Stephanie Woodworth is Head of Community at Bonterms where she oversees Bonterms’ community of users, Committee members and technology partners.
Stephanie is the former Associate General Counsel and Chief Compliance Officer of Financial Engines and former General Counsel of Thread Robotics. Stephanie also spent nearly two decades as strategic outside counsel to EdTech and FinTech companies including Coursera and Financial Engines. Stephanie began her career with the firms Dechert and Heller Ehrman.
Stephanie is a graduate of Georgetown University and Catholic University of America, Columbus School of Law.
Derek Schwede is an Advisor to Bonterms and Co-Lead of its Open Source Forms Committee.
Derek is Head of Legal at Modern Treasury, a fintech payments software company. Derek was previously a principal at Smithline PC, a boutique technology transactions firm where he represented category-leading Silicon Valley software/SaaS, platform and device companies. Derek began his legal career with Morrison & Foerster.
Derek teaches at UC Hastings School of Law and is a graduate of Rice University and Harvard Law School.
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