The SLALOM initiative has recently published a final draft of a standard set of cloud service terms with the intention of making it easier for SME cloud providers to get to market quickly and to ensure that cloud services can be easily compared by purchasers in the market.
The Cloud Industry Forum had previously stated that cloud operators do not necessarily use the right form/starting point or most appropriate form of legal contracts to sell cloud services - something which the SLALOM initiative has sought to remedy.
The model terms contain attachments dealing with issues such as Service Level commitments and data storage/data protection.
It will be interesting to see whether there is significant take up of the terms and the extent to which use of the terms will assist SMEs to get to market quickly.
The SLALOM initiative, a body partially funded by the European Commission, has published its final version of a set of legal and open model terms for cloud service agreements and contracts.