The Power of Crowd-sourced, Tech-enabled Contract Standardisation
Analysis of the Rollout of oneDPA in the Legal Industry
Today’s Contracting: The Problems and The Solution
Today’s contracts are increasingly complex and rather difficult to review and execute. Yet modern contracts can — and should — be more practical, functional, and easily understandable. This white paper explores the challenges with widely-used contracts like nondisclosure agreements (NDAs) and data processing agreements (DPAs). We outline why these problems occur and offer solutions to these pain points in the form of:
- Contract standardisation
- Modern legal design
- Advanced legal technology
“The importance of standardisation within the legal industry should not be underestimated. Beyond the huge time and costs savings it brings with it, in the age of the CLM, standardisation is paramount — to ensure legal technology can reach its full potential and provide interoperability between systems in the long term.”– Roisin Noonan, COO at TLB, and Co-founder of oneNDA and Claustack
oneNDA and oneDPA: The History and The Future
Contract standardisation has come leaps and bounds over the past couple of years. But we are only at the beginning of this movement. Learn how and why TLB’s oneNDA and oneDPA, the world’s first crowdsourced, universally standardised NDA and DPA templates, went from a brilliant idea to having a real impact on the lives of lawyers from around the globe. Dive into real-world case studies that share the benefits these innovative initiatives have had on the legal community. Then explore the future of contract standardisation, driven by TLB, through Claustack, in conjunction with PWC and ContractPodAi.
