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Did you know that
most progressive law
firms use powerful
software authoring
tools to automate
the arduous task of
contract drafting?
Would you like to
save time, money,
and aggravation by
using similar tools
to draft your own
marketing contracts?
Here's how you
can do it.
New
Automated Contract
Drafting Tools
In the past, most
entrepreneurs
readily accepted the
notion that fitting
a contract to their
business needs
required an attorney
to draft from
scratch.
You’re familiar with
the process... it’s
similar in concept
to going to a tailor
for a tailor-made
suit -- lots of
discussion and
iterations. Assuming
the document is
delivered when
promised, the time
and money involved
is often
considerable. And
what’s more, the
attorney controls
the entire process.
Now, powerful,
automated drafting
tools are empowering
entrepreneurs to
write a first draft
of business
contracts that
closely fit their
business needs.
Does this mean
that you should not
seek legal review?
In most cases you
should seek legal
review, just as you
would have the
tailor in a
ready-made clothing
retailer make minor
alterations to a
suit that you choose
off the rack. Your
attorney should be
employed to give
advice and to tailor
the final document
for a good fit, but
not to engage in the
time consuming and
expensive task of
creating the first
draft.
Electronic Forms Are
Less Flexible
And Require More
Knowledge
In order to get a
good fit with an
electronic form or
template, you must
follow the advice of
the knight guarding
the Holy Grail in
the Indiana Jones
movie -- "choose
wisely". The reason
is that forms and
templates do not
provide the logic
which links
alternate clauses to
the agreement.
They may provide a
few alternate
clauses, but you
must decide which to
use, and even more
critical, you must
know how to
make these
decisions.
Because forms and
templates lack the
logic which links
alternate clauses,
document flexibility
and the number of
meaningful document
variations are
limited. In
many cases,
substantial
background knowledge
is required. Hence,
they are best suited
for relatively
simple contracts if
non-lawyers are
using them.
Online
Contract Drafting
Services
Are More Flexible
And Do Most of The
Work For You
Online contract
drafting services
utilizing rule-based
document assembly
systems are not as
readily available as
forms or templates
due to the
relatively high cost
to develop such
systems. However,
the benefits in
terms of flexibility
and ease-of-use are
truly significant.
Online contract
drafting services
incorporate a
database of
alternate clauses,
often numbering in
the range of 100 or
more for a single
document that will
average only 20-30
clauses when
assembled. The key
to these online
drafting services is
the built-in logic
that asks the user a
series of questions
-- then selects the
appropriate clauses
from the database in
response to the
answers and
assembles and
formats the final
document.
Online contract
drafting services
utilizing rule-based
document assembly
techniques actually
do all the heavy
lifting for you,
easily and quickly.
Flexibility often
goes into the
hundreds of document
variations for
relatively simple
agreements, and to
the hundreds of
thousands of
variations for
relatively complex
agreements. That’s
why you get
near-custom results
with rule-based,
online contract
drafting services as
distinguished from
relatively archaic
forms.
Be mindful,
however, that these
rule-based tools are
expert system-like;
therefore, the logic
and clauses which
make up the system
are only as good as
the :expert" who
created them.
Which
Tool Is Best For
You?
You should
experiment with both
types of tools to
determine the best
one for you.
Regardless of which
one you choose,
you’ll start to
enjoy the
significant benefits
of controlling the
cost, aggravation,
and turn-around time
of the contract
drafting process.
If you don’t, your
competitor probably
will.
Copyright © 2008
Chip Cooper
This article
is provided for
educational and
informative purposes
only. This
information does not
constitute legal
advice, and should
not be construed as
such.
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