Cloud services agreements can be complicated. This free cloud services agreement template should make it quicker and easier to onboard new clients.
Software is eating the world - even more voraciously, now generative AI is here too. So as everything moves to the cloud, it's crucial to understand the legal aspects of engaging a cloud service provider. In this guide we'll look at the Cloud Services Agreement in more detail. Read on or get started by grabbing the free Cloud Services Agreement template above.
A cloud services agreement is a legally binding contract between a cloud service provider and a client.
It outlines the specifics of the services to be provided, the compensation, service level agreements (SLAs), data privacy and security measures, and other terms and conditions. This document helps both parties to understand and agree on their respective obligations and expectations, ensuring they are fully aligned and creating the foundation for a mutually beneficial relationship.
The main purpose of a cloud services agreement is to outline the rights, responsibilities, and expectations of both the cloud service provider and the client.
This agreement is designed to provide a clear roadmap for the service, helping to maintain a smooth working relationship between both parties and hopefully avoiding conflict or misaligned expectations.
It also serves to protect the interests of both parties, providing a legal framework for the provision of services.
The contents of your cloud services agreement template can vary considerably depending on the service the provider is offering and the specific needs of the client. However, most cloud services agreements will include:
The traditional approach to managing cloud services agreements can be manual and cumbersome.
In the worst case, legal teams will draft the agreement from scratch, outlining the specific terms and conditions tailored to each new client. Slightly better would be that they've created a Cloud Services Agreement template in a text editor, such as Word or Google Docs.
Once the initial draft is ready, it undergoes internal review and approval. The document is then sent to the client for negotiation and signing.
The negotiation process can be lengthy and complex, with both parties working to find mutually beneficial terms. Any concerns or revisions are communicated through lengthy email threads or as redlines in distinct versions of the contract. This can cause errors and delays, particular due to problems with version control.
This process continues until all parties have agreed on the final terms and and signed the contract.
This can be time-consuming, prone to errors, and inefficient, especially when dealing with multiple contracts simultaneously - often the case for Cloud Services vendors.
Fortunately, the process of managing cloud services agreements can be significantly improved through automation.
By implementing a contract management solution like Juro, businesses can automate their Cloud Services Agreement template and reduce routine admin throughout the lifecycle.
Juro streamlines the entire contract workflow, enabling businesses to automate up to 75% of routine contract admin tasks, and get contracts agreed up to ten times faster.
If your business is looking for a faster and more efficient way to manage your cloud services agreements, hit the button below to book a personalized demo.
Juro is the #1-rated contract platform globally for speed of implementation.
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