Wikis and Legal Agreements

With my current fascination with wikis, I wondered if you could use one to draft a legal agreement. No, I thought. That’s just crazy.

Well someone is crazier than me. Tractis.com has set up a library of legal agreements, using wikis to draft them. They have also layered on document management and signature tracking.

Like a good crash test dummy, I signed up and used one of their templates to draft a Non-Disclosure Agreement [Free Registration Required]. Feel free to edit my agreement. Interesting exercise, but I do not think I will be drafting agreements this way.

But individual clauses for agreements? That could done with a wiki.

I have a leasing clause library sitting in a folder in my document management system. I have been toying with the idea of putting each clause into a separate wiki page. You could add a description of uses for the clause, issues to watch out for and links to other related clauses.

I should warn you that Tractis is a Spanish company and most of the agreements are in Spanish. Despite several years of people trying to teach me Spanish, I can’t do much with it except to point out that my pencil is yellow.

Thanks to Matt Homann for pointing this out.
the [non]billable hour: Web 2.0 Replaces Lawyers Again?

One thought on “Wikis and Legal Agreements”

  1. Hi Doug,

    This is David Blanco, part of the “crazy” team behind Tractis :).

    Just wanted to let you know that we plan to add new features for individual clauses. It’ll work in a very similar manner to your idea: one wiki-page per clause. Also, you will be able to incorporate those clauses into your (template) agreements just by writing down the URL clause between square brackets. For example: “[https://www.tractis.com/contracts/46464646]” will transform into the actual clause.

    This way you can write down several contract templates including just “[link]” after “[link]”. When one of the clauses change, you won’t have to update each and every contract template, just the source clause, and Tractis will take care of the rest.

    Thanks for your interest in Tractis. Your feedback is very much appreciated.

    David

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