Can I have my lawyer help me?
Absolutely! Transactency isn’t about replacing lawyers, it’s about streamlining the contract creation and negotiation process. You will be able to grant your attorney (or others) varying modes of access, such as read, read/write, or read/write/send (for instance, if you want your attorney to serve as your full proxy in the transaction).
Can I upload/import my own contract form?
You won’t be able to upload your current forms, as one of the hallmarks of our platform is uniformity (and it would be tough to have consistency if everyone continued to use their own form agreements). However, we’re confident that with the small up-front investment of time in creating a form using our system, our contracts will be as robust (and likely more so) as those that you currently use.
Can I re-use the Word version of the form agreement I create on your platform outside of Transactency?
Sure. We suspect there will be folks that think they can save money by just using us as a form service, paying once for the form they create, and then using it outside of our platform on their own. Those folks will have obviously misunderstood the true value of the system—while the forms are top-notch, our real value is in the time and cost-savings you receive through using our unique, transparent negotiation platform.
Do you provide legal advice?
No. In providing you with the platform to assist you in creating and negotiating contracts, we are not acting as your lawyer and have no opinion as to how you should proceed within our system. If you have any questions about the content of our agreements, or the choices you should make or demand, we recommend you speak with your own legal counsel.
Do I get my money back if my deal doesn’t get signed?
Our fee is not refunded if you are unsuccessful in reaching agreement. However, part of our fee structure is designed to take this into account—the fee for our entire contract creation and negotiation process amounts to about an hour of legal time (depending upon rates); thus, even if your negotiations break down, we would argue that, economically, you’re still ahead of the game compared to if you hadn’t used our system at all.
Can I insert or substitute in my own verbiage?
You won’t be able to insert your own language, as one of the hallmarks of our platform is uniformity (and it would be tough to have consistency if everyone was able to write whatever they wanted). However, we’re confident that with the small up-front investment of time in creating a form using our system, our contracts will be as robust (and likely more so) as those that you currently use. That being said, the platform does allow for a “blank” rider to be attached in the event you have unique deal terms that need to be incorporated.