Legal / Provider Network Terms

Provider Network Terms

Effective [EFFECTIVE DATE] · [COMPANY LEGAL NAME]

Template: to be reviewed by a qualified lawyer and completed with the company’s details (shown in brackets) before use.

These terms apply, in addition to the Terms of Service, to Organizations approved to offer capacity on the StandardWorks network ("Providers").

1. Approval

You apply from the Network page with your legal name and a billing contact. StandardWorks operators review applications and may ask for verification [KYB REQUIREMENTS]. They may approve, reject or suspend a Provider. Capacity is only offered to others while you're approved.

2. Listing capacity

Each node is private until you opt it in, and that consent is recorded. For each listed node you set a region, a public address, a price per GB of memory per month, and the maximum memory you offer. You must report capacity truthfully. StandardWorks places renters' workloads only within the limits you set.

3. Your obligations

Keep listed nodes online, patched and physically secure.
Don't access, copy, inspect or interfere with renters' workloads or data.
Give at least [MAINTENANCE NOTICE PERIOD] notice before planned maintenance, using maintenance mode.
Give at least [EXIT NOTICE PERIOD] notice before removing a node that carries renters' workloads, so they can be moved.
Follow the Acceptable Use Policy and report suspected abuse.

4. Earnings

Renters prepay. Usage is metered by the second, for the memory reserved on your nodes, at your listed price. You earn that amount minus StandardWorks's commission, which is shown on your Network page (currently 15%). Earnings and charges appear on your statement, day by day.

5. Payouts

You choose a payout method: Stripe (a transfer to your connected Stripe account), PayPal (to your PayPal email) or bank transfer. Payouts can't exceed earned, unpaid amounts. A payout that fails or is rejected by the payment provider returns to your payable balance. [PAYOUT SCHEDULE, MINIMUMS AND ANY RESERVE OR HOLDBACK.] You are responsible for your own taxes on earnings.

6. Incidents and service levels

[SERVICE LEVELS, INCIDENT RESPONSE TIMES AND ANY CREDITS OWED TO RENTERS.]

7. Liability

[PROVIDER LIABILITY TERMS, including for data loss on Provider hardware.]

8. Ending participation

You can stop offering capacity at any time for new placements. Existing renters' funded terms must be honoured, or migrated under the exit notice above. StandardWorks may suspend Providers that breach these terms.