Customising the service agreement

We founded OpenSanctions as an engineering-centric business that creates high-quality data for risk management and sanctions compliance. Our goal is to provide compelling KYC/AML information at a competitive price.

To make this possible, we rely on the cooperation of our prospective business partners. Our prices are structured to enable the development and maintenance of the products we offer; our prices are not structured for us to retain a sales-focused legal team.

With that in mind, here are our asks:

  • Our service agreement has been reviewed and accepted by Fortune 500 companies. If you can sign it as-is, please do so. Please don’t make it a point of pride to alter the proposed terms.
  • If you need to change the agreement, we’ll consider our relationship an OEM use of the data. Internal-use terms are fully standardised.
  • All legal negotiations have to be conducted in writing so that we can consult outside counsel.
  • Don’t change the jurisdiction. We’re based in Germany, a jurisdiction that puts significant regulatory and liability-related responsibilities on us. You’re in great hands.

If the suggestion of a limited redlining process seems unrealistic to you, this may be an indication that you need to do business with the LexisNexis Industrial Complex.