Any legal tech company or firm that tries to systematize legal agreements have faced the challenge of finding that perfect agreement as the precedent for automation. That perfect agreement, be it shareholder agreement, employment agreements, or a master service agreement that all lawyers can agree on, that will be the perfect epitome of that agreement. Without such a thing, firms and legal technology companies alike are left with little hope of standardizing and automating a key legal task: the drafting of legal agreements.
There are many reasons law firms and legal tech companies would want to identify a model agreement: . . . [more]