Common Paper: The SAFE for commercial contracts
Common Paper is a contracting platform that helps startups close deals with their customers faster and with less risk. They create standard, open-source contracts for commercial transactions, including NDAs, DPAs, and sales agreements. These contracts are analogous to the SAFE but are designed for transactions between customers and vendors rather than investors and startups. The standardized format ensures that data within contracts is structured from inception. Additionally, they build software for managing standard contracts, accelerating sales cycles, and making the data within the contracts programmatically accessible to other business systems. Thousands of people have downloaded their standard contracts, and 63% of the contracts on their system close within 24 hours.
Feedback Overview:
Common Paper offers a compelling solution for startups looking to streamline their contracting processes. The use of standardized, open-source contracts and the ability to integrate contract data with other business systems are strong selling points. To enhance product-market fit, consider expanding the range of contract types available and incorporating advanced analytics to provide deeper insights into contract performance. Additionally, exploring partnerships with other B2B service providers could further enhance the platform's value proposition.
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CEO
Expert in legal technology solutions and contract management platforms.
How does Common Paper ensure the legal compliance of its standardized contracts?
Common Paper works with legal experts to develop and regularly update their standardized contracts to ensure they comply with relevant laws and regulations.
What measures are in place to protect the data within the contracts?
Data within the contracts is encrypted and securely stored, with access controls in place to ensure that only authorized users can access sensitive information.
How scalable is the platform for larger enterprises?
The platform is designed to be scalable, with features that support high volumes of contracts and integrations with other enterprise systems to handle complex workflows.