What is a Business Associate Agreement? Simple: a Business Associate Agreement is the name of a common contract between what’s called a “Covered Entity” (e.g., a hospital network) and a “Business Associate” (e.g., a SaaS company handling data related to health information). Business Associate Agreements are not terribly long, maybe 4-5 pages, but they are […]
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What are Terms of Service? Simple: Terms of Service are a contract between a SaaS company and its customers. “EULA,” or “End User License Agreement,” is the common name for on-prem software’s analogous legal document. You might sometimes see “Terms of Use” or “Service Terms” or “Subscription Terms” or “Subscriber Agreement” used as the title
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What’s an Acceptable Use Policy? An Acceptable Use Policy is a legal document that forms a part of the “contract stack” of a software, SaaS, PaaS, or IaaS company. The document is typically designed to supplement the usage rights and usage parameters that are defined within the End User License Agreement (EULA), Terms of Service
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What’s a Master Services Agreement?A master services agreement is a type of contract in which one party is providing services to another party. Why “master”?It’s called a “master” agreement because typically, the agreement is designed to allow the addition of multiple different types of services to the agreement itself. So it’s modular in nature. These
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What’s “revenue recognition?” Some quick definitions from Investopedia (emphasis mine): “The revenue recognition principle, a feature of accrual accounting, requires that revenues are recognized on the income statement in the period when realized and earned—not necessarily when cash is received. “Realizable” means that goods or services have been received by the customer, but payment
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