With documents for both individuals and startups, Wonder.legal works by having a user select a template and then answering questions to fill it in.
Credi is working with lenders and borrowers who don’t traditionally see themselves in those terms – friends and family who simply lend each other money.
StartupAUS, an Australian non-for-profit body representing the interests of and advocating for the startup community, has made the Allens Accelerate A-Suite available through its website. The suite is comprised of 14 open-sourced legal documents packed into four bundles: Corporate, Employment, IP & NDA, and Privacy & Website.
Although there were varying opinions on the open-sourced legal document templates created by Australian VCs, most lawyers agreed that the terms presented in the templates are more appealing to investors than startup founders, and that startup founders should seek legal advice and negotiate important amendments.
Democratising Australian businesses and individuals’ access to legal documents and know-how is the end goal of new Australian start-up LegalVision. The LegalVision website www.legalvision.com.au allows customers to create totally customised legal documents in a matter of minutes by completing an online questionnaire. LegalVision’s software then automatically produces the required document.