Cloud computing is on the mind of many CIO’s these days. Its also on the mind of lawyers. Lawyers know contracting for cloud services can be difficult given the potential risks associated with these services. For regulated entities like Canadian financial institutions, a material public cloud transaction also poses serious OSFI compliance challenges. The standard form contracts of many cloud providers also contributes to the difficulties. For a survey of these terms, see Simon Bradshaw et al Contracts for Clouds: Comparison and Analysis of the Terms and Conditions of Cloud Computing Services.