We can make that happen. Read on to learn how we do it.
Here’s the weird part about most contracts – they’re probably fine. The operative word there is “probably.” No one, let alone a self-respecting attorney, would sign a contract without looking at it having thought to themselves – “eh, it’s probably fine”. There are so, so, so many places things can go inadvertently or even intentionally wrong.
For example, let’s say that you think a normal term is twelve months, but the counterparty thinks it’s 10 years. That’s a big, unintentional misunderstanding with consequences that can last a really long time.
More nefarious things can happen, too. It’s not uncommon for companies to try to restrict competition from entering their markets by adding non-competition clauses to unrelated contracts. Something as small as a paragraph can keep your company from an entire market.
Most companies try to avoid reviewing contracts by having their template. The goal here is simple – if you’ve already read a contract you don’t need to read it again. You just need to look at the edits and decide if you’re okay with them. We make this type of set up incredibly easy for your team, but it still has an issue. The problem with that solution is it puts the burden of review on the other party because they can’t just sign a contract that’s probably fine.
What if, and stick with us here, everyone had the same starting contract? Where everyone knew it was fine for most cases, and where it didn’t fit what you were doing you could just change that part? We’d all save millions of hours of mind-numbing boredom reading completely fine contracts. We could take up hobbies, like, I don’t know, frisbee golf.
Here’s how we make that happen in PlainVanilla:
To Start: Read our template *once*. We promise the payoff is worth it.
For each contract until the end of time:
We know the idea is different, but if everyone used a PlainVanilla Contract as their starting point then no one would need to read yet another perfectly acceptable definition of “Affiliate” ever again. If that’s not an admirable goal, what is?