At TermScout, we believe the future of contracting is "Informed Click-Accept".
"Informed" meaning both parties have a clear, easy, and accessible way to understand what's in the contracts they're signing. I.e., (a) does it meet my requirements for contracts of this type, and (b) is it market?
"Click-accept" meaning once the parties have informed themselves, they simply click to accept. Negotiations go the way of the 8-track.
To get to there, we need three things:
1 | Transparency
What a contract says must be easily extractable and accessible to both parties.
2 | Market Data
We must have a shared understanding of what's "market."
3 | Reasonableness
Contract drafters must begin to make their contracts reasonable.
TermScout is building the tools necessary to get to informed click-accept.
