Collaborative editing tools for agreements/contracts (also, referred to as “redlining”) have been used for decades by contract negotiators (both attorneys and business people). The question is, are the current tools really suitable? Redlining has all the appearances of a wonderful collaboration tool, letting people see exactly what changes the other party is proposing and accepting or rejecting them. Therefore, on the surface, the answer may be, “Yes”. However, looks can be deceiving… and after reading on, you’ll probably quickly change your answer to, “No Way”.
It’s Time to Create a Contracting Resolution/Revolution… with the right way to collaborate, contract & comply.
In Wired magazine's most recent issue (October 2013), Ev Williams, the founder of enormously huge internet successes Twitter and Blogger, reveals the secret formula for getting rich online.
Holy Grail versus Paper Trail:
Over the past 12 months, we have spoken to a lot of businesspeople, from the C-level suite, to the sales front line, to the legal team. Everyone feels the pain of the contracting process. And what is the basis of this pain? Trying to control paper.