The contract. Something that has been used to memorialize agreements between 2 or more parties since the beginning of time (well maybe not that long). Most people know, whether a lawyer tells them or not, that in order for a contract to have any meaning:
That is an over-simplification that might make a law professor squirm, but you get the drift. Obviously some of this is done digitally now (i.e. without paper and ink). Pretty simple, traditional contract execution and management principles. It looks something like this:
The result is either unenforceable or difficult to enforce contracts. This mess looks something like this:
This problem is a big reason why built the digital legal engine that is PactSafe. So how does our solution fix that mess above? See for yourself:
From the second a digital legal agreement is drafted, it is run through our digital legal engine, which:
Pretty cool, huh? Seems silly to do it any other way.