Legal Agreements are written documents between two or more parties wherein one or more parties agree to do something in consideration provided by the other party. In all spheres of business, Making of Legal Agreements is the most common, yet necessary thing.
Legal Software
According to Wikipedia, “Document automation (also known as document assembly) is the design of systems and workflows that assist in the creation of electronic documents.” There are specialised softwares to do this task in a logical manner. There are pre-existing templates for different kinds of documents, which assemble the variable text provided, in the correct form to create separate, innovative documents. Legal Agreement Automation requires the entering of certain requisite data, and sets the data in a logical, organized manner.legal software
The need for Automation of legal drafting of agreements arose due to heavy paper-work, increase in sizes of businesses and increase in the size of legislation leading to more and more documentation with legal software.
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With time, the need for developing a software was realised seeing the extensive requirement of legal documents. Besides that, the following benefits of Legal Agreement Automation were realised for legal software:
- Reduce Delays:
The time spent data entering for complete documents, for proof-reading each and every word, and the creation of umpteen numbers of Legal Agreements causes delays. Our software for automation eliminates all of these short-comings to reduce the time spent on making documents.legal software
- Reduce Costs:
Cost will reduce due to decreased paper handling, document loading, storage, distribution, postage/shipping, faxes, telephone, labour and waste. The cost paid to lawyers for these documents shall also be eliminated.
- Reduce Risks:
Automation reduces risk as documents are created in the set format of pre-existing contracts, thus, not missing out on any intricate detail.legal software
- Error Check:
Any errors in entering wrongful data can be brought out by the software if it doesn’t fit its automation process. This helps checking on the errors in the data and ensures documents are created in the accurate manner with legal software.
We have categorised the Automation of Legal Agreements accordingly into:
- Business Agreements
- Employment Agreement
- Lease Agreements
- Vendor Agreements
- StartUp Funding Agreements
- House Hold Agreement
- Marketing Agreements
Make any of the listed Legal Documents:
- Memorandum of Understanding
- Non-Disclosure Agreement
- Co-Founder Agreement
- Share-Holder Agreement
- Will Preparation
- Partnership Deed
- Non-Complete Agreement
- Joint Venture Agreement
- Franchise Agreement
- Service Level Agreement, etc.
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