DOING BUSINESS BETTER. TOGETHER
THE STANDARDISATION REVOLUTION |
The GSA is delighted to announce the launch of the UK industry-first Standard framework agreement for professional (and IT) services - the GSA Standard Terms. |
The GSA Standard Terms deliver numerous benefits to buyers and providers around the world which include:
The Standard Terms join the industry Standard NDA, which was launched early summer 2023. We are now working on Standard Terms for longer term outsourcing arrangements, and have a pipeline of other standard contracts under review by a diverse working group to add to the suite.
Housed in a unique legal tech platform
We are hosting the Standard Terms in the Clausify platform as a means to ensure that the “standard” contract doesn’t get adapted or modified while still appearing standard. Clausify is a unique legal tech platform that keeps all standard clauses locked from editing, while providing the ability to add special terms or bespoke amendments in a controlled, transparent and auditable way - thus guaranteeing users that they are indeed using GSA’s Standard Terms and not an amended version. We think this is a great addition to our approach to standardisation, delivering real peace of mind to users.
Business is ready
Research shows the industry is ready to embrace Standard Terms:
https://www.clausify.co/gsa-terms
https://www.clausify.co/gsa-nda
Chris Bates, Partner at Ashurst LLP, and Chair of the GSA’s contracting workstream commented: “I believe that industry standard terms are essential to help the industry thrive and I am delighted to have played a part in a movement towards standardisation in the contracting space. This has been a fascinating process - to be able genuinely to collaborate with lawyers from other organisations to arrive at a commonly held goal of fair contracting positions. It demonstrated just how much time can be saved if the parties have a reliable and balanced place from which to start.”
YOU CAN READ THE LAUNCH PRESS RELEASES HERE: |