NEW YORK, Sept. 17, 2018 /PRNewswire/ -- Clause, the leading provider of smart legal contracting technology, has joined forces with LegalZoom, the leading provider of online legal solutions, to provide smart legal contracts to consumers and small businesses. For LegalZoom, the collaboration represents an extension to their product offering; enabling users to access and use blockchain and non-blockchain computable contracting technologies. For Clause, the venture represents an extension of the technology into consumer-focused smart legal contract applications.
LegalZoom will adopt the Clause technology and the Accord Project specification for representation of smart legal contracts, making documents available for editing, signing, and execution using the Clause API and platform. LegalZoom contracts will be augmented with Smart Clauses®, enabling the contracts to perform blockchain-based transactions and integrate with web services such as accounting, invoicing, or payroll systems.
"LegalZoom's North Star has always been to democratize law," said Vanessa Butnick Davis, VP and Legal Managing Product Counsel of LegalZoom. "Making sure every American and small business owner can access the same resources previously available only to larger corporations. This collaboration makes cutting-edge technology available to and useable by consumers and small businesses in ways previously unimaginable."
"This development brings together two genuine pioneers in the delivery of legal services," said Peter Hunn, Founder of Clause. "It will augment LegalZoom's existing model with functionality that enables LegalZoom users to connect their existing business systems to contracts that are automatically executed when a milestone is achieved or a task completed. By teaming up with LegalZoom, the value of this technology can be brought to millions of small- and medium-sized businesses and individuals around the world."
Clause is the leading provider of smart legal contracting technology, enabling users to add Smart Clause® provisions to turn their existing legal contracts into 'living documents' that integrate with various blockchain platforms and enterprise web services. Clause helped found the Accord Project with leading law firms, standards bodies, and leading technology organizations. The Accord Project is the leading organization for the development of techno-legal specifications for smart legal contracts and distributed ledger applications in the legal industry. For more information, please visit www.clause.io.
LegalZoom is a trusted platform of people and technology that gives the world access to consistently high quality legal solutions. As the nation's leading provider, LegalZoom empowers millions of people to protect what matters most to them. Whether it's helping small business owners or families, LegalZoom is at the vanguard of efficiently delivering high touch, high service legal help. By changing the approach to obtaining legal help, LegalZoom helps people become informed, educated and secure in their legal options and decisions. Since its founding over 15 years ago, LegalZoom has serviced over 4 million customers in the US and the UK, and is now over 1200 employees strong. For more information, please visit www.legalzoom.com.
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SOURCE Clause, Inc.