Guest post by Moyofade Ipadeola.
Legal agreements are essential in any significant business relationship and Software as a Service) (SaaS) business arrangements are no exception. Sadly, not many people take documents such as SaaS agreements and software end-user license agreements (EULAs) seriously.
Studies show that over 90% of people consent to agreements without reading them. This attitude can harm any business relationship in the long term.
Crafting an agreement that serves the interest of both parties should be a priority for a SaaS vendor. Likewise, scrutinizing the details of a SaaS agreement before accepting it should be a habit for the consumer. This post outlines what a SaaS agreement is, why you should have one, and key terms to watch out for in your next SaaS agreement.