4 ms·

I'm intrigued by your idea of a new legal system dependent on data.

• joshjkim 12y ago
  I think an interesting place to start would be trying to break the UCC down into a numbers/data based system. Similarly, it would be interesting to try and take a relatively conventional transaction (incorporation documents, convertible notes, Series A) and place the key economic terms in a spreadsheet, and then incorporate the other legal boilerplate (indemnification, securities exemptions, etc.) by reference to a standard T&Cs-type document - I know some incubators already do this by having the key terms as a "fill-in-the-blank field (I think AngelPad does this..). The agreement would then just be a spreadsheet-like form, with the other terms incorporated by reference.