Contracts.io
Thursday, 23 August 12
A contracts disruption startup
Thursday, 23 August 12
Concluding just about any kind of transaction requires a contract
A contract is a legally binding agreement
People unfamiliar with the form or complexity of a contract are at a disadvantage when negotiating the terms of a transaction[A transaction could mean a new job, business partnership, even a rental agreement. Or the use of a service such as an air flight or watching a movie or buying a refrigerator. Or it could be something as complex as a merger between two companies]
Thursday, 23 August 12
Contracts lawyers can be expensive
Lawyers are hired to assist clients with preparing, reviewing, negotiating and successfully concluding contracts
Thursday, 23 August 12
Most people who do hire lawyers, do so based on word-of-mouth recommendations or directory listings
As for the quality of the lawyer, your mileage may vary, even from one kind of contract to another
Thursday, 23 August 12
Interestingly, in law schools around the world, law students learn about the ‘law of contracts’ but not how to draft, review or negotiate contracts
When they emerge into the profession, they learn in a haphazard unstructured manner while working on ‘live’ transactions
Thursday, 23 August 12
Business law as a profession encourages competition and discourages sharing
Most law practices work as silos with very little collaboration or shared learning
Contracts are treated the way source code used to be 20 years ago. As confidential and proprietary.
Thursday, 23 August 12
Even lawyers admit, the system is broken
Thursday, 23 August 12
Contracts.io
We’re open sourcing contractsBringing ‘sharing’ to corporate law
Providing tools and data for learningEmpowering people who need to negotiate
contracts
Thursday, 23 August 12
Contracts. cloudified.
Thursday, 23 August 12
Fine-grained. Public Metrics. Friendly Interfaces.
Thursday, 23 August 12
Realtime public clause-level annotations
Thursday, 23 August 12
Search contracts...and even clauses
Thursday, 23 August 12
Shared Activity Streams
Thursday, 23 August 12
The business model?
An open plan for public accounts (all activity is public - annotations, sharing, discussions, collaboration)
Paid plans (USD 25/month - USD 225/month) for closed repository or organizational accounts
Thursday, 23 August 12
Inspired by
Contracts.io
Thursday, 23 August 12