Contracts are broken. They’re too long, they kill deals, and they take up a whole load of time for the legal team, the business and counterparties. The result? The process is either super slow, the deal doesn’t get closed or the relationship becomes damaged. With Leeway being a contract management platform, our team hates to see this happening all too often. Contracts present real business value and they can open the doors to new opportunities. That’s why we, along with many others in the industry, were super excited to hear about the launch of a new legal community platform. Following on from the success of oneNDA, a community-led, standardized NDA initiative, Electra Japonas and her team decided to launch a platform where lawyers can come along to collaborate on creating common standards, sharing knowledge and accessing templates, for free. Enter Claustack. Let's find out more.
Electra is a former in-house lawyer, founder of tlb and co-founder of oneNDA and Claustack. Having worked with legal contracts for 14 years, Electra understands they're broken. They take too long, cost too much and make salespeople angry. Electra also knows that the only way to fix them is to create consensus between the legal community so we can all agree to agree on the same standards. Innovation through collaboration is the only way forward - and this is exactly what Electra and the team at oneNDA are achieving.