Built for Commercial Agreements
The open source technology projects are specifically designed to enable users to templatize the natural language of any type of contract and integrate with smart contract logic developed for expressing and modeling legal concepts, clauses, and obligations.
All software and documentation are open source enabling anyone to use, and extend the core functionality within, and for, their application or project. Accord Project software is maintained and governed through the Linux Foundation.
The technology stack provides a common ‘.doc’ format for smart agreement templates meaning that contracting parties and users can develop contracts using the same core structure and specification, reducing focus on the technology and promoting ease of use.
Using a common format enables contracts to be useable across technologies without the overhead of changing the agreement. Accord Project templates can be used without reliance upon a particular technology such as a certain blockchain protocol, making templates futureproof and portable.
Extensible Models and Templates
The stack is built to be extensible to enable the use and reuse of domain models and templates for both full smart contracts and individual clauses. This helps to create a mature, progressive, foundation upon which to build smart agreements.
Building the future of contracting should be collaborate. The Accord Project is supported by organizations leading the development of smart documentation including DocuSign, xDTM Standard Association, IACCM, IBM and more.
The Accord Project Advisory Board includes leading stakeholders in the technology and legal industries to help develop the advance the goals of the projects. Further details about the advisory board and how to contribute to their work are coming soon.
All software is Apache 2.0 licensed and documentation is available under the Creative Commons Attribution license. Documentation for participants and contributors is available here.
Hosted by the Linux Foundation
The Accord Project is part of The Linux Foundation, a nonprofit organization enabling mass innovation through open source.