📃OpenLaw Protocol
Last updated
Last updated
It is now possible to model all or parts of legal agreements using code (smart contracts), decreasing the cost and friction of creating, securing, and generating binding legal agreements. Typical investors lack basic tools to build these dynamic, “smart” contracts in a way that is enforceable and understandable to a legal professional. The technology stack behind OpenLaw helps Ventures power next generation "smart" legal agreements.
Manually drafting legal agreements is costly, inefficient, and increases the risk of errors in the drafting process. With our legal automation tools, anyone can turn complex and static legal documents into dynamic, fill-in templates with the click of a button.
We wrap smart contracts in legal agreements in minutes using the OpenLaw API. When investments and shares are ready to be signed off we execute by simply signing and interacts with our smart contracts, specifically, Sakura.
By relying a markup language to transform natural language agreements into machine-readable objects with relevant variables and logic defined within a given document (what we call a "template"). Legal templates can be grouped together into "deals," making it possible for parties to create and manage entire transactions on a blockchain.
