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.
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Question by iluvpounders: Where can I search for federal government contracts online?
I am looking for specific contracts relating to Iraq. For example, the US state department engages a contractor for work. Where can I find terms of this contract? Are the terms publicly available?
Answer by Nels N
There are a few. You can also sign up for daily updates based on areas of competence, but I forget where. The link below should get you started.
What do you think? Answer below!
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Malibu, CA (PRWEB) August 16, 2012
Scientists at HRL Laboratories have demonstrated the worlds first graphene-based square-law millimeter detectors with the highest linear dynamic range (>60 dB) ever measured in semiconductor detectorsa revolutionary advancement in electronics that could lead to unprecedented capabilities in high-bandwidth communications, imaging and radar systems. The high-performance graphene FET detectors out-performed current state-of-the-art CMOS or SiGe bipolar detector technology by more than 30 dB in linear dynamic range.
The researchers findings will be published online and in the October issue of IEEE Electron Device Letters.
The work is another significant achievement in the Carbon Electronics for RF Applications, or CERA program, sponsored by the Defense Advanced Research Projects Agency (DARPA) and under the management of the Space and Naval Warfare Systems Center. CERA aims to exploit the unique properties of graphene, which is fundamentally different than materials currently used in high-frequency electronics. HRL is collaborating on the program with a group of universities and the Naval Research Laboratory.
HRL began work on CERA in July 2008, demonstrating the worlds first graphene RF transistors. This latest breakthrough presents a significant step in using graphene transistors in RF applications, noted HRL senior scientist and program lead Jeong-sun Moon.
HRL Laboratories, LLC, Malibu, California (http://www.hrl.com) is a corporate research-and-development laboratory owned by The Boeing Company and General Motors specializing in research into sensors and materials, information and systems sciences, applied electromagnetics, and microelectronics. HRL provides custom research and development and performs additional R&D contract services for its LLC member companies, the U.S. government and other commercial companies.
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