Bonterms receives its first patent
We're proud to share that the U.S. Patent and Trademark Office has issued Bonterms its first patent — U.S. Patent No. 12,664,353, "System-Guided Collaborative Editing of Standardized Documents."
It's worth being precise about what the patent does and doesn't cover. It isn't a patent on the idea of a standard agreement, and it isn't on any of the Bonterms Standard Agreements themselves — those remain free and open for anyone to use. The patent is on something else: the technology behind the Bonterms Platform, and specifically the way it helps two parties make a standard agreement work for both of them and get to signature.
That's the part of contracting that has always been slow, and it's the part we set out to fix. The Standard Agreements give everyone the same starting paper. The platform is how two sides reconcile their positions and reach agreement — and that technology is now proprietary to Bonterms.
The Standard Agreements remain free to use, as always.
It's worth being precise about what the patent does and doesn't cover. It isn't a patent on the idea of a standard agreement, and it isn't on any of the Bonterms Standard Agreements themselves — those remain free and open for anyone to use. The patent is on something else: the technology behind the Bonterms Platform, and specifically the way it helps two parties make a standard agreement work for both of them and get to signature.
That's the part of contracting that has always been slow, and it's the part we set out to fix. The Standard Agreements give everyone the same starting paper. The platform is how two sides reconcile their positions and reach agreement — and that technology is now proprietary to Bonterms.
The Standard Agreements remain free to use, as always.