standardization

Monday night I put the following question to Bill Carleton in a comment to an older piece on his blog:

Bill: I revisited this piece because I’ve been thinking about your discussion with Ken [Adams] about whether the benefit of contract standards lies in increasing quality vs. increasing transaction efficiency/lowering costs. Commoditizing contract drafting should drive down costs significantly, whether your aim is lowering costs or increasing efficiency.

But why does the cost of basic legal documents need to be zero, even for startups?

You can read Bill’s response here and my response to his response here.

[click to continue…]

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