FACT: Your API Terms are Fair, Transparent and Trustworthy. It’s a FACT.
The FACT (FAIR API Commitment to Trust) licence is a customizable contract that expands upon traditional API Terms of Service (ToS). Its purpose is to promote API usage and allow API Users to develop interoperable products. By using a standardized set of contracts that are widely accepted as safe by the community, the Core API Provider and API Users can reduce transaction costs. The licence also aims to raise awareness among parties of key licensing issues that need to be addressed. The FACT Licence helps companies create a clear, legally-binding framework that encourages the creation of high-value, interoperable products and services that can be shared across a trustworthy, safe, and sane digital infrastructure ecosystem. The FACT Licence outlines and legally enforces the main commitments voluntarily agreed to by the Core API providers or by the Users as a counterpart to the use of this API.