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The difficulty with this sort of thing, in my experience, is that once you do need to hire a lawyer to review this sort of agreement, it turns out to be a lot m
by wrs 8y ago
The difficulty with this sort of thing, in my experience, is that once you do need to hire a lawyer to review this sort of agreement, it turns out to be a lot more expensive in the long run than just hiring them and using their forms to begin with. They know their own language backward and forward so it takes them very little time to make a standard change to their standard form. Looking at an entirely new (to them) agreement, they have to analyze it from scratch.
If there were truly industry-standard forms that all attorneys were familiar with for these standard agreements, that difficulty wouldn't arise. That's how the residential real estate market in the US works, for example — standard forms for all sorts of situations approved by the real estate associations. It's sort of like how an open source infrastructure product will eventually become the cheapest thing to use because everyone already knows how it works.
Do you have a goal/roadmap for making your agreements the industry standard?
- yuriy_zaremba 8y agoThank you for this feedback. We are aware of this problem. We have faced it few times. This is why we will allow our users to connect with our network of lawyers, who are very well familiar with our language. Moreover they will be able to easily compare the document they receive from users with AXDRAFT template, so we expect the fee to be significantly less, compared to what you would usually expect from a lawyer.
- xofer 8y agoI've found the opposite to be true. Several lawyers I've worked with have asked to see what I've started with, perhaps because they're used to people grabbing stuff off the internet. I really like this idea because the hard part in my mind is the negotiation with the other party, in part because it inevitably becomes more complex as you go. Having something to start with and iterate on is great. At the end, as long as it's a relatively simple matter, having a lawyer review it is probably going to be lots cheaper. One thought I had for a future version -- why not let both parties access the document on the site and build it together? That's something I'd definitely pay for.